Technology giant, Apple has announced the launch of the latest generation of iPad tablet computer on Wednesday with 4G technology.

The latest version of the tablet computer, which will come with a starting price range of $629, will allow users to access, record and edit high definition video. The tablet comes with a Retina display

The new version of the tablet will feature a more impressive screen and offer faster video graphics and Long Term Evolutionary (4G) capabilities and others. The new version of the tablet will feature a 2048 x 1536 pixel resolution display and offer faster video graphics.

According to experts the company will reduce the price of existing model from $499. The newest model is expected to have the same price tag as the iPad 2 as Apple usually launched the new version at the same price and then reduces the price of the earlier version.

A cheaper iPad 2 will pose a stiff competition other tablet makers in the market like Amazon and Samsung. The move will undercut manufactures that are trying to compete with Apple on the basis of lower prices.

The tablet was launched by the Yerba Buena Center for the Arts in San Francisco to revive the most poplar line of tablets in the world.