The new models start at $799 for the Wi-Fi only, or $929 for the version with 4G LTE connectivity. That’s about $100 more than the existing 64GB model, which is $100 more than the 32GB model, and (surprise surprise) $100 more than the 16GB iPad. What this means is that Apple can make a huge profit based on only one factor- Storage
I, for one, think that the the new iPad is priced at a lot more than it ought to be. One can buy a state of the art computer for much lesser than what Apple deems is a fitting price for just increased storage.
At a time when competition is fierce from android powered tablets, it remains to be seen whether this model strikes a note with consumers, or not.