iPad 4 Release Date: On Feb 5, Apple Will Launch 128GB iPad

Apple has announced it'll launch a 128 GB version of its fourth-generation iPad with retina display on February 5 — reported The Verge. 

The Cupertino company said the new iPad would be on sale as soon as February 5 for $799 (the Wi-Fi model) and for $929 (the LTE model). Apple said in a press release that the new model responds to the need for more storage space — as iPad has grown prominent in the music business and other industries seeking to use the device for more sophisticated applications.  

"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," Philip Schiller, Apple's SVP of Worldwide Marketing told InformationWeek Hardware. 

But according to the LA Times, the 128-GB iPad model "appears to be a direct shot at Microsoft," which is releasing its Surface Pro tablet — around the same time and selling for a similar price.