Now, 4G iPad with 128 GB

Apple has introduced a fourth-generation (4G) version of the iPad with a so-called retina display and 128 gigabytes (GB) of memory — twice the storage capacity of models already on the market.

The new iPad will be available in the US from February 5 at a starting price of $799 for a Wi-Fi version and $929 for a device that also offers a cellular connection.

Earlier this month, Apple posted the slowest profit growth since 2003 and the weakest sales increase in 14 quarters, fuelling concern about CEO Tim Cook’s ability to keep producing hit products over a year after the death of co-founder Steve Jobs.

"With more than 120 million iPads sold, it’s clear that customers around the world love their iPads," said Philip Schiller, Apple’s senior vice-president, marketing.