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

Apple (AAPL) shares rose Tuesday, 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 artificial intelligence (AI) features that Apple showcased during last month’s 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 earlier this year.

Some analysts have raisedquestions about whether the delayed release …