Two months after unveiling a more powerful iPad at its big Sept. 9 event in San Francisco, Apple (AAPL) - Get Report  announced Monday that the new iPad Pro would go on sale online Wednesday and would be available at its retail stores by the end of the week.

With iPad sales declining amid increased sales of its iPhones, Apple is hoping the new product will resonate with consumers.

"The early response to the iPad Pro from app developers and our customers has been incredible, and we're excited to get iPad Pro into the hands of customers around the world this week," said Phil Schiller, Apple's senior vice president of worldwide marketing, in a release.

"iPad Pro is the most powerful iPad we've ever made, giving users the ability to be even more creative and more productive with the epic 12.9-inch Retina display, powerful 64-bit A9X chip and groundbreaking Apple Pencil and new Smart Keyboard. We can't wait to see what they do with iPad Pro."

In its most recent quarter, Apple sold 9.9 million iPads compared with 12.3 million in the year-earlier period.

Read the full report on the new iPad Pro and what it means for Apple by TheStreet's Technology Editor Chris Ciaccia.

As Ciaccia notes, Apple is touting the computing power of the new iPad Pro, which the company says rivals desktop-class computing power. In addition, the company's $99 Apple Pencil and Smart Keyboard adds a new dimension of utility to the iPad not seen in previous generations.

The iPad Pro starts at $799 for the WiFi 32GB model and $1,079 for the LTE 128GB model.

Apple shares closed Monday at $120.57, down less than 1%. The company's shares closed at $110.15 on Sept. 9 and ended 2014 at $110.38.

Shares of Yahoo! (YHOO) dropped by 1.5% Monday, closing at $33.68, after Re/codereported that CEO Marissa Mayer has hired McKinsey & Co. to help her evaluate the company's assets.

Citing knowledgeable sources, the technology news site said, Yahoo! hired the consulting firm to help it decide "which units to shutter, which to sell and which to invest more in."

The move prompted Yahoo! shareholder Eric Jackson, writing for TheStreet, to ask "Why Does Marissa Mayer Need McKinsey to Make Sense of Yahoo!?

"Mayer has been running Yahoo! for almost four years now," Jackson wrote in this article. "I could understand if she wanted to hire McKinsey in her first 90 days on the job to give her advice, but why now? Why doesn't she know how to reorganize the business at this point?"

Some observers have speculated in recent weeks, that amid stagnant revenue growth, Mayer could be on her way out of the company.

In the wake of several top executive departures, Mayer also asked her chief lieutenants to give her a written or verbal pledge that they will remain at the company for the next three-to-five years, Re/code said.

Luxury Swiss watchmaker TAG Heuer has teamed up with Alphabet's (GOOG) - Get Report  Google unit and Intel (INTC) - Get Report to produce an Android-powered watch.

TAG Heuer made the announcement Monday at the New York offices of its corporate parent, LVMH Moet Hennessy Louis Vuitton (LVMUY)

TAG Heuer Connected started selling in the U.S. on Monday for $1,500. By comparison, the Apple Watch starts at $349.

The watch features an Intel Atom processor and runs the Android Wear platform, a TAG Heuer spokeswoman said in a release. "Intel engineered the intelligence inside the watch to optimize performance and enable a multitude of connectivity options including audio streaming, Bluetooth and Wi-Fi as well as the full range of features offered by the Android Wear operating system."

Jean-Claude Biver, CEO of TAG Heuer, said: "We are incredibly proud to be unveiling the first connected watch, which brings more than 150 years of history firmly into the future. The TAG Heuer Connected watch gives you the means not only to connect to the future, but also to connect to eternity."

Intel CEO Brian Krzanich added: "Together with TAG Heuer and Google we created a beautiful, intelligent and functional product that harmonizes the latest computing innovation with more than a century of watchmaking experience, timeless aesthetics and supreme quality."

Shares of LVMH declined by less than 1% Monday, closing at $36.15. Alphabet closed at $754.77, also down less than 1%. Intel finished the day at $33.35, down by 1.5%.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.