The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
NEW YORK (TheStreet) - Apple (AAPL) launched its iPad 2, mostly with improvements that were expected: a dual core processor 1 GHz with better graphics, front and rear cameras, thinner and lighter case, a gyroscope, an upgraded browser and java engine.
What was still missing (and I expected it to be missing) was Flash support. This is a key differentiator for the Android (and PlayBook) camps that provide Flash support. Despite Apple's claims, Flash is and will be important on the Internet for many years to come.
Of course, the battle between Apple and Adobe (ADBE) continues over this issue and won't be resolved anytime soon.Apple also released iOS 4.3, which has a nice new feature for iPhone 4 users (not for iPad users) -- a personal WiFi hotspot capability. This has been a competitive advantage for Android which has had this feature for a while, so Apple fixed that competitive disadvantage. iPad2 also added video conferencing, but it only works with other Apple products (Apple didn't talk about any Windows or other phone versions of the FaceTime app). That's an issue for people who want to reach out to others that are not Apple device specific. Will Apple allow Skype or similar apps on the iPad to make up for that? And Apple leveled the playing field for 3G-connected devices (as I expected, it did not announce 4G). Apple will make both AT&T (T) (GSM) and Verizon (VZ) (CDMA) models available so the carrier choice doesn't get in the way (and it increases Apple's channel). The announcement went mostly as expected. The iPad 2 price stayed the same, which is typical of Apple when new HW comes out. And availability date is very quick (next week). Overall, I think Apple fans who want the latest tablet will buy this (or upgrade from an existing iPad). But I don't see any overwhelmingly compelling capabilities that would make people sitting on the tablet fence go out and have to buy one, despite some attractive apps that Apple introduced.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV