Apple unveils 128GB iPad

NEW YORK: Apple unveiled a new
iPad with twice the storage capacity
as the existing model in an effort to
score business with companies that
share large amounts of data.
Apple's new iPad will have a capacity
of 128 gigabytes compared with the
current model, which comes with
different memory capacities but has
a maximum of 64 gigabytes.
"With twice the storage capacity and
an unparalleled selection of over
300,000 native iPad apps,
enterprises, educators and artists
have even more reasons to use iPad
for all their business and personal
needs," said Apple senior vice
president of marketing Philip
Schiller in a statement.
Apple quoted several web application
developers who said the additional
memory capacity would allow
businesses to better serve clients in
conceptual design, music recordings
and sports strategy.
Apple's move to expand its iPad
following comes as the company faces
tough questions from Wall Street
over its growth prospects.
Company shares lost about 12 per
cent of their value last week after the
company reported earnings that
showed lower profit margins and
smaller anticipated growth than
expected.
The new iPad model will go on sale
on February 5, with a suggested
price of $799 for the iPad with Wi-Fi
capacity and $929 for iPad with Wi-Fi
and Cellular capacity.
Apple shares were 1.1 per cent
higher in early trading.