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Apple Launches Cheapest iPad yet and Red iPhone 7

Apple on Tuesday announced a new version of its 9.7-inch iPad.

Apple (AAPL) - Get Report on Tuesday announced a new version of its 9.7-inch iPad. The updated tablet starts at $329 and will be available to order beginning Friday. The iPad, which replaces the iPad air 2, will feature a 9.7-inch screen, an A9 processing chip and up to 10 hours of battery life. Apple's shift to a more affordable iPad arrives as the company tries to boost its tablet sales. The Cupertino company also launched the (RED) version of the iPhone 7 and iPhone 7 plus. The new red aluminum iPhone is part of the (RED) campaign, which contributes to the Global Fund to fight AIDS.

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This article was written by a staff member of TheStreet.