The apps will offer a full Office experience, replete with tables, charts, formatting, and even the previously-maligned but recently-improved Office ribbon. Microsoft's put a lot effort into making sure Microsoft Office for iPad supports the same features as the desktop versions, and even additional features above them. The PowerPoint app includes the ability to live highlight and annotate during a presentation, as well as a "laser pointer" red dot mode.
Microsoft Office for iPad all syncs through an Office 365 subscription, so edits that you make on your iPad are synced through the magic of the cloud to your desktop and vice versa.
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