Apple Launched New iPad and Red iPhone

Apple, Inc. (NASDAQ: AAPL) on Tuesday introduced a new version of iPad and a new red iPhone 7, sending its shares to another 52-week high. The new iPad will feature a 9.7-inch Retina display screen and A9 processing chip. It will start at $329 for 32GB and will be available to order starting March 24.

The special edition red aluminum iPhone 7 and iPhone 7 Plus is part of Apple’s partnership with (RED), a global organization that fights AIDS.

“Since we began working with (RED) 10 years ago, our customers have made a significant impact in fighting the spread of AIDS through the purchase of our products, from the original iPod nano (PRODUCT)RED Special Edition all the way to today’s lineup of Beats products and accessories for iPhone, iPad and Apple Watch,” Apple Chief Executive Officer Tim Cook said in a statement Tuesday.

The company also unveiled a free new app called Clips. It allows users to create their own videos by combine video clips, photos and music and share on social networks and messaging services including Facebook Messenger, Snapchat and Instagram. The app will be available in April on iOS 10.3.

Apple shares hit 52-week high of $142.80 in the early trading. The stock has rose 22 percent this year.

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