The new iPad 3 is finally here!

Apple officially unveiled the latest version of its insanely popular line of tablet computers Wednesday (Mar 7) during a media event held at the Yerba Buena Center for the Arts in San Francisco, CA.

The all-new iPad 3 boasts a large 2048×1536 Retina display, a 5-megapixel rear camera with advanced optics and 1080p HD video recording, a faster A5X system-on-chip with quad-core graphics and 4G LTE download speeds (on cellular-capable models).

The pricing structure for the various iPad 3 models are similar to the iPad 2 when it was released last year: $499, $599 and $699 for the 16GB, 32GB and 64GB Wi-Fi only models respectively; and $629, $729 and $829 for the 4G LTE models, which also include Wi-Fi.

Apple will also reportedly continue to offer the 16 GB iPad 2 in both Wi-Fi ($399) and Wi-Fi + 3G ($529) models.

Watch a 5-minute video outlining the iPad 3’s new features below:

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