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Apple Launches New iPad

APPLE LAUNCHES IPAD3: Apple’s new iPad3 hits stores March 16. The new version with 16gb of memory will retail at $499, same as the current iPad2—but models that accommodate its new 4G LTE capability on Verizon or AT&T will start at $629. No word on the price of data plans. The new battery will run 10 hours, and nine hours on 4G. The model will have a much sharper retina display, with 3.1M pixels—more than an HDTV, with a more powerful processor than the current iPad and can also record in HD. CEO Tim Cook says the company has sold 15.4m iPads. “We set out to create not just a new product, but a new category.” The company will also revamp its Apple TV with a new user interface, available next week, to cost $99. Movies and TV shows will be available in 1080P HD quality at the iTunes store. (3/7p)

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