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Sept. 15, 2020, 2:23 p.m. EDT

Apple announces new iPad Air, which will start at $599

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By Emily Bary

AAPL

Apple Inc. /zigman2/quotes/202934861/composite AAPL +0.75% announced new iPads Tuesday as part of an event that also brought the introduction of new Apple Watches, a new fitness subscription service, and new bundles for subscriptions. Apple's eighth-generation iPad will have an A12 bionic chip that marks the first time Apple is bringing its neural engine to the entry-level iPad model. The device begins at $329 and has a 10.2-inch screen. Apple also unveiled a new iPad Air, which has a 10.9-inch display and begins at $599. This device features a fingerprint sensor on the top button and upgrades to both the camera and sound. The company is rolling out the iPad Air in five color options-silver, space gray, rose gold, green, and sky blue-and it will connect via a USB-C port. Apple shares are up 0.5% and the company's product-launch event has concluded. Apple didn't make announcements about new iPhone models and presumably will save those for an event later in the fall.

/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 144.84
+1.08 +0.75%
Volume: 67.94M
Oct. 15, 2021 4:00p
P/E Ratio
28.37
Dividend Yield
0.61%
Market Cap
$2394.23 billion
Rev. per Employee
$1.86M
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