Apple Launches Upgraded iPad Air in Bid to Sustain Tablet Growth

Apple Inc. rolled out a new iPad Air with a faster processor, enhancing a device that helped lift holiday sales despite an iPhone slump.

The tablets come in 11-inch and 13-inch size options, priced at $599 and $799, Apple said in an announcement on its website. They feature a new M3 chip, replacing the M2 processor that was put into the device last May. The new iPad Air runs nearly two times faster than one with an M1 chip, Apple said.