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Apple Launches Red iPhone 7, Introduces New iPad

As previewed last week, in what we hope is not considered "innovation", moments ago Apple has introduced a 9.7-inch iPad with Retina display, starting at $329.  The pricing starts at $329 for 32GB with Wi-Fi model and $459 for 32GB Wi-Fi + cellular model. The iPad will be available to order beginning March 24 in the U.S. and more than 20 countries and regions.

Apple is also introducing a new color option for its iPhone 7 lineup today: red, to mark more than 10 years of partnership between Apple and HIV/AIDS charity (RED). As the Verge reports, while the iPhone maker has offered special product red cases for the iPhone previously, this is the first time the actual handset is available in red itself. The new product (RED) iPhone features a red aluminum finish, and is launching as part of Apple's partnership with (RED).

“The introduction of this special edition iPhone in a gorgeous red finish is our biggest (PRODUCT)RED offering to date in celebration of our partnership with (RED), and we can’t wait to get it into customers’ hands," says Apple CEO Tim Cook.

Apple’s last color change to its iPhone lineup involved a new glossy jet black finish for the iPhone 7, and before that the company also introduced the rose gold option with the iPhone 6S. Today’s red option is perhaps the most striking of all the colors available for the iPhone 7 and 7 Plus, and it will be available on Friday March 24th in 128GB and 256GB models starting at $749.

The full AAPL statement is below:

All of the Fun & Power of iPad, Now Starting at $329

CUPERTINO, California — March 21, 2017 — Apple® today updated its most popular-sized iPad®, featuring a brighter 9.7-inch Retina® display and best-in-class performance at its most affordable price ever, starting at $329 (US). Designed for unmatched portability and ease of use, along with incredible performance and all-day battery life, iPad is the world’s most popular tablet and the primary computing device for millions of customers around the world. Through the more than 1.3 million apps designed specifically for iPad, customers can do even more, from learning to code with Swift Playgrounds™ and reading books on the large screen to boosting productivity through Microsoft Office and using multitasking features like Split Screen.

“iPad is the world’s most popular tablet. Customers love the large, 9.7-inch display for everything from watching TV and movies, to surfing the web, making FaceTime calls, and enjoying photos, and now it is even more affordable,” said Philip Schiller, Apple’s senior vice president of Worldwide Marketing. “New customers and anyone looking to upgrade will love this new iPad for use at home, in school, and for work, with its gorgeous Retina display, our powerful A9 chip, and access to the more than 1.3 million apps designed specifically for it.”

iPad features a beautifully bright Retina display with over 3.1 million pixels for stunning pictures and videos, and is enclosed in a sturdy yet thin aluminum unibody enclosure weighing just one pound for great portability and durability. The Apple-designed A9 chip with 64?bit desktop-class architecture delivers fast processing and graphics performance for apps and games, while maintaining the same all-day battery life1 customers have come to expect from iPad.

The front- and back-facing cameras offer exceptional low-light performance and HD video recording, making it fun and easy to FaceTime® with friends and family and capture unforgettable memories using the large Retina display as a viewfinder. Ultrafast wireless means connecting with iPad is quick and easy, and support for LTE cellular bands worldwide helps customers stay connected when traveling.2 Apple SIM makes it even easier to connect to wireless data plans right from your device when traveling in more than 140 countries and regions.

Touch ID® gives iPad users a simple and secure way to unlock iPad, keep personal information private within apps and approve purchases from the App Store®, iTunes Store® and iBooks Store?. With Apple Pay®3 on iPad, paying for physical goods and services within apps or on a website in Safari® has never been easier.

iPad comes with iOS 10, which brings more expressive and animated ways to communicate in Messages, new ways to use Siri® with your favorite apps, beautifully redesigned Maps, Photos, Apple Music® and News, and the new Home app, which lets you simply and securely set up, manage and control your home all in one place. Multitasking features including Slide Over, Split View and Picture-in-Picture help you do even more.

Pricing & Availability

  • iPad comes in silver, gold and space gray and starts at $329 (US) for the 32GB with Wi-Fi model and $459 (US) for the 32GB Wi-Fi + Cellular model at Apple.com and Apple Stores. For more information, please visit apple.com/ipad.
  • iPad is available to order beginning Friday, March 24, from Apple.com and starts delivering to customers and arriving next week in Apple Stores, through select carriers and Apple Authorized Resellers (prices may vary) in the US and more than 20 countries and regions, including Australia, Canada, China, France, Germany, Hong Kong, Italy, Japan, Netherlands, Spain, Sweden, Switzerland and the UK. Denmark, India, Mexico, Norway, Russia, Turkey and other countries and regions will follow in April. Brazil, Taiwan and other countries and regions will follow in May.
  • Polyurethane Smart Covers for iPad are available for $39 (US) in charcoal gray, white, midnight blue, pink sand and (RED) at Apple.com and Apple Stores.
  • iPad mini™ 4, available in silver, gold and space gray, now offers more capacity for the same price starting at $399 (US) for the 128GB Wi-Fi model and $529 (US) for the 128GB Wi-Fi + Cellular model at Apple.com and Apple Stores.
  • Every customer who buys iPad from Apple will be offered free Personal Setup, in-store or online4, to help them customize their iPad by setting up email, showing them new apps from the App Store and more.
  • Anyone who wants to learn the basics or go further with their new iPad can register for a free workshop at any Apple Store®.

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Perhaps more notable for AAPL are the latest series of upgrades from the sellside which have pushed the price of AAPL to new all time highs.