New iPad and iPad Mini
Earlier today, US tech giant Apple (AAPL) launched new versions of its iPad Air and iPad Mini. The company is set to hold a special event on March 25 at the Steve Jobs Theatre in Cupertino, California. During the event, Apple is expected to launch its video streaming service, similar to Netflix (NFLX).
Let’s take a look at some of the key specifications of Apple’s new iPad Air and iPad Mini models.
In a press release today, Apple claimed that its new iPad Air and iPad Mini offer “the best, most innovative iPad lineup ever.” Both the new iPad Air and the new iPad Mini support Apple Pencil. The new Pencil support is likely to enhance the usability of both devices, and it could Apple attract more customers.
The new iPad Air has an ultra-thin 10.5-inch design, advanced Retina display, and A12 Bionic chip with a neural engine. Apple said the performance will be 70% faster than its 9.7 inch iPad, with twice the graphics capability.
The new iPad Mini comes has a 7.9-inch design, an A12 Bionic processor, and an advanced Retina display. Apple claims its new iPad Mini delivers “three times the performance and nine times faster graphics” compared to the previous-generation iPad Mini with a 25% brighter display.
Availability and prices
Apple started taking online orders for these iPads today and expects them to be available in stores next week.
Both new iPads come in two variants, based on memory capacity of either 64 GB or 256 GB. In the United States, the new iPad Air’s prices start at $399 while the new iPad Mini’s prices start at $499.
Today at 3:15 PM ET, AAPL was trading with 1.0% gains for the day against 0.3% gains seen in the S&P 500 Index and NASDAQ Composite Index (QQQ). As of March 15, Apple made up about 9.94% of its Invesco QQQ’s total portfolio. In March so far, the broader market has managed to trade on a slightly positive note with investors’ hope of a potential US-China trade deal.