Business News iPad | Page 3

IPad's features and specifications, once the stuff of Internet myth, are now sharply in focus: The half-inch thick, 1.5-pound device will feature a 9.7-inch multitouch screen and is powered by a custom Apple microchip, called the A4. The iPad will have the same operating system as the iPhone and access to its 140,000 applications.

The price of the device will be $499 for the most basic model, with a Wi-Fi wireless connection. More expensive models will be offered with more memory and with 3G wireless access from AT&T, which will charge up to $30 for an unlimited monthly data plan.

Wi-Fi-only versions of the device will be available in March, Apple said, with the more expensive 3G models coming 30 days after that.

The most expensive models, with 64 gigabytes of memory and 3G connectivity, will cost $829.

Steve Jobs introducing iPad