Apple CEO Steve Jobs unveiled the highly anticipated iPad, a touchscreen tablet computer on Wednesday.

The product, which will be available in 60 to 90 days, will allow the consumer to watch movies, TV shows, games, read books and listen to music almost anywhere.

The iPad will cost $499 for a 16-gigabyte model and $599 for a 32 gigabyte model.

It can run on AT&T’s 3G service, or can be used with Wi-Fi. AT&T will charge $29.99 a month for unlimited use and $14.99 for up to 250 megabytes.

The iPad has a 9.7 inch wide screen, weighs 1.5 pounds and is 0.5 inches thick.  

According to Apple’s Web site, the Multi-Touch screen on the iPad is similar to that of an iPhone, but is completely re-engineered for the larger surface.  

With this new device, Apple will start competing with Amazon’s Kindle and other e-readers from Sony and Barnes & Noble.

by Emily Brown