The iPad 2 is out, and on stage at the launch event, Apple CEO Steve Jobs has unveiled magnet based Smart Covers for the iPad 2. Details, after the break.

Steve Jobs is pretty excited about Smart Covers for the iPad 2. Here's what he has to say:
We did a case for the original iPad. It worked pretty well, but we went to all the trouble to make this beautiful design, but then covered it up with the case. We thought we could do better than this with the iPad 2
We designed the case right along side the product. It's not a case -- it's a cover


It automatically wakes the iPad when you open it, and puts it to sleep when it closes it. Now how is this held on? Do we have screws? No -- we use magnets
Smart Covers for iPad 2 come in polyurethane or either leather.

There are magnets in the hinge and the cover. And what would these cases be if they didn't come in colors. 5 poly, 5 leather

Polyurethane Smart Cases for iPad 2 are $39 and leather Smart Cases for iPad 2 are for $69, only.
via Engadget