Apple unveils new iPad with faster processor, sharper screen

Apple's new iPad model features asharper screen and a faster processor, the company confirmed on Wednesday.

Apple said the new display will be sharper than thehigh-definition television set in the living room. The company says it willshow more saturated colors than previous models.

The company said the iPad is powered by a new chip with fourprocessing cores, for smoother graphics.

At the launch event in San Francisco, Apple Inc. CEO TimCook said, "We are taking it to a whole new level and are redefining thecategory that Apple created with the original iPad."

Earlier, Cook spoke of a "post-PC" era dominatedby the iPad and other Apple products.

Prices aren't changing from the previous models. They willstart at $499. Versions capable of accessing cellular networks will cost $629to $829.

The new iPad model will go on sale on March 16 in the US.

Compared to the iPad 2, the new model features ahigher-resolution camera on the back, comparable to the one in the iPhone 4S.

Apple also confirmed that the new model will come in aversion that can use Verizon Wireless' and AT&T Inc.'s "LTE"wireless broadband networks. The offer speeds that are faster than the"3G" networks used by previous iPads, and current iPhones.

Apple also said it would start letting users store movies inits iCloud remote storage service, so they can be accessed through the Internetby PCs and Apple devices. It already lets users store photos, music anddocuments in the service.

Apple is also upgrading its Apple TV set-top box so it canplay movies in 1080p, the highest-resolution commonly used video standard.