Apple Inc. Relaunches iPad 4, Dumps iPad 2

Apple Inc. Relaunches iPad 4, Dumps iPad 2

Apple Inc. (NASDAQ:AAPL) has re-introduced its iPad 4 with retina display, but only with 16GB storage capacity. The tech giant has discontinued its aging iPad 2. The fourth-generation iPad is now available on the company’s official web store. The WiFi version of the iPad 4 is priced at $399, while the WiFi + cellular model costs $529 in the U.S. The 16GB iPad 4 has started hitting the stores in black and white color options.

The iPad 4 is Apple’s new entry-level, full-size offering

Besides the single storage capacity choice of 16GB, there seem to be no changes to the tablet. Until yesterday, the iPad 2 was the entry-level full-size tablet from Apple Inc. (NASDAQ:AAPL). But now, the iPad 4, which comes with retina display, will be the new entry-level full-size offering. The fourth-generation iPad includes a 5MP iSight camera, 1.2MP FaceTime front camera and dual-core A6X processor.

Corsair Capital Profits From Goldman Sachs’ SPACs [Exclusive]

Cubic Corporation Chris Hohn favorite hedge fundsCorsair Capital, the event-driven long-short equity hedge fund, gained 6.6% net during the second quarter, bringing its year-to-date performance to 17.5%. Q2 2021 hedge fund letters, conferences and more According to a copy of the hedge fund's second-quarter letter to investors, a copy of which of ValueWalk has been able to review, the largest contributor Read More

The iPad 4 was first launched in October 2012 with the first iPad Mini. But Apple Inc. (NASDAQ:AAPL) discontinued it when the company introduced the iPad Air last year. There had already been rumors that the iPad 4 has re-entered production to replace the iPad 2. KGI Securities said last month that the fourth-generation iPad would soon replace the iPad 2 in the Cupertino-based company’s $399, 9.7-inch slot.

Apple yet to fully eliminate the 30-pin connector

With its latest move, Apple Inc. (NASDAQ:AAPL) has ditched its only tablet that still sported the 30-pin connector. The iPad 4 has a lightning connector. However, the company’s shift to the new connector isn’t complete yet. It still sells the iPhone 4 and iPhone 4S in some markets. Both smartphones feature the 30-pin connector.

Today Apple Inc. (NASDAQ:AAPL) also launched a low-cost, 8GB version of its iPhone 5C smartphone in an attempt to boost sales of the device. The colorful, plastic-body iPhone 5C prices have been reduced by 50 euros in France.

Apple Inc. (NASDAQ:AAPL) shares fell 0.22% to $525.60 in pre-market trading Tuesday.

No posts to display