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Apple Stock Rises to Fresh Record as Company Announces New iPad Mini

A person uses an Apple Pencil on the new iPad Mini
Apple's newest iPad Mini will be compatible with the latest Apple Pencil, the company said Tuesday.

Apple Inc.

Key Takeaways

  • Apple shares touched a new record high in Tuesday trading, reaching $237.49 on the day the tech giant announced the newest version of its iPad Mini.
  • The new small tablet launches next week, with a price starting at $499.
  • The new iPad Mini will be powerful enough to use Apple's new artificial intelligence (AI) features when they launch starting this month, and be compatible with the new Apple Pencil Pro.

Apple (AAPL𝓡) shares rose Tuesda🐭y, briefly touching a new record high, as the tech giant unveiled another new product: its newest iPad Mini.

The newest version of Apple's smallest tablet launches on Oct. 23, with preorders available starting Tuesday at $499. The new iPad Mini is available in a variety of colors and storage capacities, and will be powered by the A17 Pro chip—which was in the high-end models of last year's iPhone 15 range of phones.

The A17 Pro chip means the new iPad will be able to use the 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) features that Apple 澳洲幸运5官方开奖结果体彩网:showcased during last month's 澳洲幸运5官方开奖结果体彩网:iPhone 16 launch. The AI features are set to start being rolled out to Apple users sometime this month through an iOS update, and the new Mini will also be compatible with the newest Apple Pencil Pro, announced 澳洲幸运5官方开奖结果体彩网:earlier this year.

Some Analysts Que🃏stion Delayed AI Feature Rollout

澳洲幸运5官方开奖结果体彩网:Some analysts have raised questions about whether the delayed release of the AI features, c꧑oming at least a month after the iPhone 16 was released, could damp customer excitement about the new phones and lead to slower sales until the features are released.

"iPad mini appeals to a wide range of users and has been built for Apple Intelligence, delivering intelligent new features that are powerful, personal, and private,” Bob Borchers, the company's vice president of worldwide product marketing, said in a press release Tuesday.

Apple shares closed up 1% at $233.85 Tuesday, after briefly setting an intraday record high of $237.49 earlier in the session, surpassing the $237.23 intraday peak 澳洲幸运5官方开奖结果体彩网:set in July. The🌟 shares have gained about 21% s💫ince the start of 2024.

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