Apple (NAS: AAPL) hit the market with the new iPad on Friday, even opening its stores at 8 a.m. to begin tending to the early risers and overnighters. Once again, Apple raises the bar while keeping its starting price of $499 intact.
Can any other tablet maker compete? Remember the days when naive Android tablet manufacturers were piling on specs on slick tablets at price points higher than what Apple was charging? That didn't pan out too well.
The only rival tablet that has legitimately made a dent, the Kindle Fire, has done so at the rock-bottom price of $199, and most analysts believe that it's being sold at a loss.
This game isn't over, of course. Android continues to be the leading mobile platform of choice for smartphones, and there may come a time when that success carries over into competitively priced tablets.
It's just now happening now. When it comes to tablets, we're all living in Apple's world.
Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.
Sirius XM Radio (NAS: SIRI) will broadcast this year's FIA Formula One World Championship. Listening to a car race while you're driving around doesn't sound like a lot of fun. Actually, it sounds pretty dangerous.
Scholastic (NAS: SCHL) shares soared on strong results, fueled by the success of the Hunger Games book trilogy. The movie opened on Friday. Do you have your tickets yet? Oh, sorry. I mistook you for a teenager.
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At the time thisarticle was published The Motley Fool owns shares of Apple.Motley Fool newsletter serviceshave recommended buying shares of Apple and creating a bull call spread position in Apple. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors.Longtime Fool contributorRick Munarrizcalls them as he sees them. He owns no shares in any of the stocks in this story and is also part of theRule Breakersnewsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Motley Fool has adisclosure policy.
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