Apple Recap: New iPad, Damp Squib, High Hopes

Apple (NASDAQ:AAPL) rose 1.88 percent on Tuesday to $458.27 after announcing the launch of a brand new iPad. Here are the top stories that affected the stock on the day:

Apple’s Latest iPad

Apple quietly added a new tablet to its lineup on Tuesday, announcing the launch of a 128GB version of the fourth-generation iPad. The latest unit, which doubles the storage capacity of the largest iPad model currently in the market, will be available in both Wi-Fi-only and cellular capabilities. It goes on sale on February 5. The fourth generation of Apple’s full-sized, or 9.7-inch, iPad lineup now has four different capacities, starting at 16GB for the entry-level model. The iPad mini still offers 64GB as the maximum capacity. The new model has all the features of its other fourth-generation cousins, including a 9.7-inch Retina display, FaceTime HD camera, and an A6X processor. The high price tags of $799 for the WiFi-only version and $929 for the one with added cellular functionality will definitely relieve some worries about the company’s falling gross margins… (Read more)