Can the 128GB iPad save Apple?

The fourth generation iPad previously stopped at the 64GB version
The fourth generation iPad previously stopped at the 64GB version Independent News & Media

APPLE launched a new version of its iPad tablet with double the memory space of its current largest model.

The beefier 128GB fourth generation iPad will go on sale online and from Apple stores on Monday, with more storage space for users' music, games and apps.

The most expensive version with wifi and 3G mobile connectivity will have a recommended retail price (RRP) of AU$1123, just AU$167 cheaper than Apple's MacBook Air laptop computer.

The cheapest model with the 128GB memory launched by the company at its headquarters in Cupertino, California, will have a RRP of AU$971.

The upgrade to the fourth generation iPad, which previously stopped at the 64GB version, comes after Microsoft launched its Surface Pro tablet with a 128GB memory.

Philip Schiller, Apple's senior vice president of worldwide marketing, said: "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."

The new version includes a 9.7-inch Retina display and an HD FaceTime camera.

Apple shares plunged 10 per cent last week after the company reported quarterly results that point to growth slowing after five fat years.

It reported October-December earnings that were flat compared with the year before. Sales grew 18 per cent from the year before, but the start-up of production lines for multiple new products like the iPhone 5 and iPad Mini held back profits.

Apple's sales growth forecast for the current financial quarter of around 7 per cent was also far below the 50per cent-plus rate it is often hit in recent years as it has seen its popularity surge..

The announcement comes during a busy week for computer and mobile phone companies.

Research in Motion (RIM) will tomorrow launch its new BlackBerry 10 handsets and software system in a bid to recapture a large chunk of the mobile market.

And Microsoft today launched a new touchscreen version of its Office software, the first update in three years, as it tries to extend its reach past its traditional home on PCs onto smartphones and tablets that run its Windows operating system.

Topics:  apple ipad tablet pc

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

$800 fine for meth and acid possession

Methylamphetamine crystals.

Rockhampton man found with ingredient for ice production.

Nathan Tinkler among potential buyers for Dawson mine

IN THE MIX: Nathan Tinkler is reportedly one of several potential buyers for Anglo American's Dawson Mine.

Controversial businessman said to be touring Dawson mine.

10 regional Queensland seats could fall to Pauline Hanson

One Nation leader Pauline Hanson

Up to 13 seats could be won by Pauline Hanson in Queensland

Local Partners

Kerry Washington wants one more child

Kerry Washington recently gave birth to her second child

Kerry has only just become a new mum again

TRAVEL: Musicals light up Sydney

David Campbell performs in Dream Lover.

We take a trip through one of Sydney's finer scenes

In Flames are super 'proud' of new album

In Flames album to be released in November.  Photo Contributed

In Flames to release new album in November

Selma Blair blames flight outburst on 'psychotic blackout'

Selma Blair

"I am someone who should never drink, and I rarely do"

Bob Dylan acknowledges Nobel Prize win

Bob Dylan has finally acknowledged his Nobel Prize win

WATCH: Trailer for Jackman's final Wolverine film released

First trailer for the last Wolverine film with Hugh Jackman.

Thrilling trailer promises a dark, dystopian finale for Wolverine

Kiwi siblings snap up Dotcom mansion for $32.5m

The new toy company owners of the Coatesville mansion want replace any controversy with positivity and fun. Photo / Barfoot and Thompson

The trio paid $32.5 million for the property in June

New $200 million development will create 580 jobs

Cassie And Josh with baby Alfie and daughter Andee. They have bought at new Lennox Head development Epiq.

Majority of new positions will be given to Northern Rivers locals

Cherrabah's mega resort plans axed

PLANS for a massive development at Cherrabah have been scrapped.

What our mayor thinks of the new draft SEQPlan

The plan to use the innovative technology as part of the new Maroochydore CBD was cemented on site today when Mayor Mark Jamieson and Envac Asia Region president Chun Yong Ha formally signed the contract for the $20 million underground waste collection system.

New plan accommodates Sunshine Coast Council's vision for growth.

Dusit Thani finance crisis 'just a small hiccup'

ON TRACK: Springfield Land Chairman, Maha Sinnathamby, Ipswich Mayor Paul Pisasale, Developer Richard Turner and Springfield Land Deputy Chairman, Bob Sharpless, at the recent resort sod turning ceremony.

Property developer says project remains firmly on track

Heavyweight enters real estate market

Des Besanko principal and director of Raine and Horne Springfield.

Major rebranding which has seen two big name brands merge