Apple Doubles the Memory Capacity in the IPad - for a Price

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Apple has launched a new iPad with double the memory capacity of its existing models a 128GB version.

The 128GB iPad will come in both Wi-Fi only and iPad with Wi-Fi + Cellular models and will cost US$799 for the iPad with Wi-Fi model and US$929 for the iPad with Wi-Fi + Cellular model.

"With more than 120 million iPads sold, it's clear that customers around the world love their iPads, and everyday they are finding more great reasons to work, learn and play on their iPads rather than their old PCs," said Philip Schiller, Apple's senior vice president of Worldwide Marketing.

The fourth generation iPad features a 9.7-inch Retina display, Apple-designed A6X chip, FaceTime camera amd iOS 6.1.

Otherwise it is identical to the previous models.

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Generic iPad photo

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