Apple Announces iPad Air

Apple announced a new line of iPads -- the iPad Air and second-generation iPad mini. The iPad Air is 43 percent thinner than the previous generation at 7.5 mm thin and weighs 1 pound. The iPad Air runs on Apple's A7 chip, has a 64-bit desktop architecture, includes the M7 chip that was introduced with the iPhone 5S.

Apple's new iPad will have a 5 megapixel camera, 1080p HD video and keep the 9.7-inch Retina display. The iPad Air will replace the full-sized iPad, but Apple will still make the iPad 2 available for $399. The iPad Air goes on sale Nov. 1, starting at $499 for a 16 GB model.

The iPad mini now comes with Retina display at 2,048 x 1,536 pixel resolution, an A7 chip and will be priced starting at $399 for a 16 GB model. Apple says it will be available in November. Both iPads come in silver and space gray.