New iPad, including smaller model, plus new Macs

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Apple CEO Tim Cook speaks during an event to announce new products in San Jose, Calif., Tuesday, Oct. 23, 2012. (AP Photo/Marcio Jose Sanchez)
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11:05 a.m.

The new iPad Mini starts at $329, which makes it more expensive than rival, 7-inch products.

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10:55 a.m.

The smaller iPad has a 7.9-inch screen, digitally reversed from the full-sized iPad's 9.7 inches.

Schiller said all of the software designed for the original iPad will work on the smaller one, as the display is 1024 by 768 pixels — the same as the original iPad.

The latest, full-sized iPad has a sharper screen at 2048 by 1536 pixels.

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10:52 a.m.

After much anticipation, Schiller unveils the iPad Mini.

"You can hold it in one hand," he said. "It's not just a shrunken down iPad. It's an entirely new design."

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10:50 a.m.

Apple unveiled a new iPad, but it's a full-sized version — an update to the third-generation device that went on sale in March. It promises a faster processing chip and faster wireless Wi-Fi connectivity.

It will also sport the new connector that Apple unveiled with the new iPhone 5 last month. Apple says the new connector helps the company keep up with modern times, but it also requires consumers to buy new accessories or an adapter.

Prices remain the same, starting at $499.

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10:45 a.m.

Apple says it sold its 100 millionth iPad two weeks ago. That means it sold about 16 million since the end of the second quarter, the last time it released a figure.

Cook discussed how teachers have been using iPads in their classrooms and said electronic textbooks through iBooks are now available for 80 percent of the high school curriculum. It was a sign Apple was looking to challenge Amazon.com Inc., which has been pushing textbooks on its Kindle devices.

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10:40 a.m.

The audience cheered as Schiller unveiled new iMac computers. It looks like a super-thin display screen, but Schiller noted that "there is an entire computer in here."

There will be models with Apple's new fusion drive. That's a combination of the traditional, spinning hard drive and one using "flash" memory. Flash is faster, but capacity is smaller. Schiller says the fusion drive will have the speed of flash and the capacity of regular hard drives.

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