Market Overview

Apple Announces iBooks 2 for iPad

Apple (NASDAQ: AAPL) today announced iBooks® 2 for iPad®, featuring iBooks textbooks, an entirely new kind of textbook. iBooks textbooks offer iPad users, fullscreen textbooks with interactive animations, diagrams, photos, videos, unrivaled navigation and more.

Education services companies including Houghton Mifflin Harcourt, McGraw-Hill (NYSE: MHP), and Pearson (NYSE: PSO) will deliver educational titles on the iBookstore℠ with most priced at $14.99 or less, and with the new iBooks Author, a free authoring tool available today, anyone with a Mac® can create iBooks textbooks.

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