Apple Inc. will sell the newly unveiled tablet-style iPad starting at $499, a price tag far below the $1,000 that some analysts were expecting.

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The iPad, which is larger in size but similar in design to Apple’s popular iPhone, was billed as “so much more intimate than a laptop and so much more capable than a smart phone.”

The iPad has a 9.7-inch touch screen, is a half-inch thick, weighs 1.5 pounds and comes with 16, 32 or 64 gigabytes of flash memory storage. It comes with Wi-Fi and Bluetooth connectivity built in. device has a battery that lasts 10 hours and can sit for a month on standby without needing a charge.

The basic iPad models will cost $499, $599 and $699, depending on the storage size, when it comes out worldwide in March.

Like iPods and the iPhone, the iPad can sync with Apple’s Macintosh and Microsoft’s Windows computers. Jobs said the iPad will also be better for playing games and watching video than either a laptop or a smart phone. Software coming with the iPad includes a calendar, maps, a video player and iPod software for playing music. All seem to have been slightly redesigned to take advantage of the iPad’s bigger screen.

Tablet computers have existed for a decade, with little success. Jobs acknowledged Apple will have to work to convince consumers who already have smart phones and laptops that they need this gadget.

But there is no official word on when its going to launch in India

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