Apple refreshes iPad lineup, with larger entry-level model

NEW YORK (AP) — Apple has unveiled a new iPad that's thinner and slightly larger than its current entry-level tablet.

The new iPad Air will cost $499 and sport a screen that measures 10.5 inches diagonally. That compares with the standard, 9.7-inch iPad, which Apple will still sell for $329.

Apple has higher-end Pro models starting at $999. The new iPad Air has several features found in older Pro models, but not the latest. For instance, the iPad Air has a home button with a fingerprint sensor, while the latest Pro ditches that to make more room for the screen.

Apple is also refreshing its 7.9-inch iPad Mini for the first time in more than three years.

In the past, Apple has sometimes used older chips in the Mini, saving the latest technology for the larger models instead. This time, the Mini will have the same chip as the Air, along with support for the Apple Pencil stylus. But the Mini won't have an optional keyboard attachment, unlike the new Air and Pro models.

The Mini will cost $399, more expensive than the larger, but older 9.7-inch iPad.

Should you invest $1,000 in Apple right now?

Before you consider Apple, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Apple wasn't on the list.

While Apple currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide to Pot Stock Investing Cover

Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise.

Get This Free Report

Featured Articles and Offers

How to Become a "Make Money" Investor

How to Become a "Make Money" Investor

Whether you're a seasoned investor or just starting, this video offers valuable insights into making strategic choices that prioritize long-term growth and stability over short-term gains.

Search Headlines: