Retail in Asia

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Apple’s 4G iPad debuts early, quietly in Australia

Apple’s new iPad went on sale in Australia early on Friday, greeted by a throng of fans hoping to get hold of a 4G-ready tablet computer that won good reviews despite stopping short of being called a major innovation.

Carrier Telstra stole a march on Apple, commencing sales at just two of its own stores at midnight. Numbers were down compared with previous launches, though a still-solid turnout reflected demand for a new iPad version deemed a collection of incremental improvements.

Apple shares breached USD600 for the first time on Thursday on the Nasdaq, but gave up gains and dipped into the red in the afternoon. The stock is up 47 percent for the year and nearly 10 percent for the month, partly on anticipation for the new device. A single Apple share now costs more than the Wi-Fi-only iPad, which is priced starting at USD499.

(Source: CNBC)