iPad will run all iPhone and iPod apps with no need for rebuilding

Apps on the iPhone app store will upgrade seamlessly to the iPad. They simply size up and don’t need to be rebuilt to work on this new platform.

Steve Jobs demoed Youtube in HD and a location sensitive Maps application. Games and media apps will be particularly important. Apple will highlight apps that are created explicitly for the iPad in the iPad store as well.

iPad comes with the iTunes app store preloaded on it.