Retina Display device will be priced between £639 and £739.
Apple continues to pump out iPads like there's no tomorrow, which may be good news to encourage new business, though it could end up ruffling the feathers of existing customers, reducing brand loyalty as a result.
After all, half of iPad 3 owners were outraged that Apple released an iPad 4 just seven months after its predecessor. And now, after what started off as a rumour, Apple has confirmed the release of a 128GB iPad 4, which dwarfs the 64GB model.
Available as wi-fi only and wi-fi with cellular support, the devices will respectively cost £639 inc VAT (£532.50 ex VAT) for the iPad with Wi-Fi model and £739 inc VAT.
Black and white options are available, and the device hits stores on February 5th. The release comes following today's launch of iOS 6.1.
Philip Schiller, Apple’s senior vice president of worldwide marketing, said: "With more than 120 million iPads sold, it’s clear that customers around the world love their iPads, and everyday they are finding more great reasons to work, learn and play on their iPads rather than their old PCs.
"With twice the storage capacity and an unparalleled selection of over 300,000 native iPad apps, enterprises, educators and artists have even more reasons to use iPad for all their business and personal needs."