The Pro is built on an M4 chip while the Air has an M2 chip inside. The iPad Pro has four storage options: 256GB, 512Gb, 1TB and 2TB.
The company did not hold back on the hype around the Pro model, claiming it would be an "outrageously powerful device for AI".
The new iPad Pro is claimed to have Apple’s most powerful Neural Engine, capable of 38 trillion operations per second, or 60x faster than the first Neural Engine in the A11 Bionic chip.
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The release of the new iPad Pro comes after Apple reported that iPad sales brought in US$5.5 billion (A$8.36 billion) for the three months ending on 30 March, a sizeable fall from the US$6.6 billion for the corresponding period a year earlier.
Apple also released a new Apple Pencil Pro.
The company said customers could order the new iPad Pro right away with 29 countries set to have stock by 15 May.
It said the 11-inch iPad Pro would start at US$999 for the Wi-Fi model, and US$1199 for the Wi-Fi + Cellular model.
The 13-inch iPad Pro starts at US$1299 for the Wi-Fi model, and US$1499 for the Wi-Fi + Cellular model. Both models will be available in silver and space black finishes.
The new iPad Air with M2 can be ordered from today in 29 countries and stock is expected to begin arriving on 15 May.
The 11-inch and 13-inch iPad Air will be available in blue, purple, starlight, and space gray, with 128GB, 256GB, 512GB, and 1TB configurations.
The 11-inch iPad Air starts at US$599 for the Wi-Fi model and US$749 for the Wi-Fi + Cellular model. The 13-inch iPad Air starts at US$799 for the Wi-Fi model and US$949 for the Wi-Fi + Cellular model.
