Apple (AAPL) Rival Samsung Brings Out Guns with New iPad Competitor


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August 15, 2012 12:12 PM EDT Send to a Friend
Apple (Nasdaq: AAPL) shares are lower on the session amid an announcement of a new entrant into the tablet market.

According to a release earlier, Samsung announced the availability of its GALAXY Note 10.1 for the U.S. market. Chatter of the new device first circulated in February.

Two of the biggest features of Samsung's latest tablet offering are:
  • The S Pen - a stylus with 1,024 levels of sensitivity.

  • Multiscreen display - allows for the operation of two different apps at the same time. Or, as Samsung puts it: "side-by-side, simultaneously, on the same screen." We though there should be periods instead of commas between those two sentences.
Partner at launch will be Adobe (Nasdaq: ADBE), meaning the Note 10.1 will include Photoshop Touch, meaning the stylus should come in handy for those of us who want to draw stick figures, but don't want to have to deal with smudges.

It's not clear how the Note 10.1 will stack up against Apple's iPad or even the next iteration of the device. Over the past three versions, Apple hasn't included a stylus.

Pricing will be $499 for 16-GB of memory and $549 for 32-GB, according to the company, right about in-line with starter New iPads.

Apple is up 0.1 percent Wednesday. For the full Samsung release -- including who will be attending the exclusive launch party Wednesday -- click here.

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