Steve Jobs, CEO of Apple, unveiled the highly anticipated iPad on Wednesday.  A capacitive touch-screen iPhone like device, the iPad features a 10 hour battery life, 9.7inch screen, multi-touch capabilities and will be compatible with apps that currently sell on iTunes.

A below the expected price of $499 per iPad could not stop Apple stock from losing value, however.  The Apple shares fell nearly 4 percent immediately after Jobs unveiled the new device.  While trading was nearly three times as high that day for the stock the market was clearly not impressed with the new netbook-like offering from Apple.  Shares fell as low as $199.53 before rebounding slightly by closing.

The dip in value of the Apple stock was not fully unexpected, however the amount it fell was.  What does this mean for Apple and the forthcoming iPad?  How well will it sell?  Overall, Apple has been doing incredibly well over the past few years with last year being no exception.  While many are concerned with the apparent lack of appeal of a tablet, most analysts are convinced the iPad will likely sell and ultimately be a hit for Apple given its past and the availability of so many apps that will exist at the launch of the iPad.