The latest tablet includes retina display, a 3.1. million pixel HD screen and a 5 megapixel camera.
It also features a super fast quad-core A5x chip, which Apple say, will increase the speed by up to 4 times compared to the iPad 2's processor.
The iPad 3 will also offer a high speed 4G LTE network connection, unfortunately UK providers won't accomodate this till next year.
Apple's Tim Cook also unveiled an updated Apple TV box at yesterday's event.
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