There are hundreds of Bible related apps out there in the App Store, but there are a few that really stand out. The one that I recommend is BibleReader. This is a really amazing app that looks great on the brilliant iPad display. It has a wonderful pop up tool that shows content when you tap on the words, verse numbers and footnotes.
If you want to do language study, this app offers the best solution. It is one of the few apps out there that lets you view multiple books at the same time. Costs 10 dollars and is worth every penny. [link]
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