New iPad a Hit with Buyers, Consumer Reports (AAPL)

Photo of Paul Ausick
By Paul Ausick Published

Invalid Image
The new iPad from Apple Inc. (NASDAQ: AAPL) turns out to be a hit with consumers and with Consumer Reports magazine, which recently reported that the new tablet could run pretty hot at times. In its latest assessment of the iPad, the magazine calls the Retina display “a new benchmark in excellence.”

That judgment is seconded by a survey of iPad buyers by research firm ChangeWave, which found that 75% of owners said the Retina display was what they liked best about the device. Overall satisfaction rose to 82%, up from 74% with the iPad 2.

Excessive heat from the new iPad was a “big” problem for zero per cent of owners, and even Consumer Reports acknowledged that after further testing, the issue is “not a cause for concern.” Only 4% of those surveyed by ChangeWave called the heating issue “somewhat of a problem.”

ChangeWave reported that 26% of new iPad owners though the device was too expensive and 23% disliked the cost of the data plans offered by carriers. That last concern should have been predictable given the high resolution display quality. All those display bits are not free, and many buyers probably didn’t understand the cost they would be incurring as a result of the increased screen resolution.

Clearly, though, Apple has another winner on its hands.

Paul Ausick

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

KMX Vol: 7,330,419
GLW Vol: 22,800,969
INTC Vol: 233,719,006
SMCI Vol: 68,465,534
ENPH Vol: 13,978,376

Top Losing Stocks

ACN Vol: 41,744,333
EPAM Vol: 5,636,587
CTSH Vol: 61,311,400
CTRA Vol: 73,319,495
KR Vol: 26,704,230