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Reports: Apple To Unveil New IPad's, OS, Mac Pro At Invitation Event On Oct 22

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10/9/2013 12:06 AM ET

US technology giant Apple, Inc. (AAPL: Quote) is set to unveil new iPads, the new Mac Pro and OS X Mavericks at an invitation event on October 22, according to media reports on Tuesday. The launch will take place exactly a year after a similar invitation event last year and a week before Apple releases its financial results for the fourth quarter on October 28.

The current event is expected to see the unveiling of the much anticipated iPad mini 2 with a retina display and a new iPad with Apple's Touch ID fingerprint sensor. Apple could also provide the price or release date for its new Mac Pro or OS X Mavericks.

Media reports also strongly suggest that Apple could be in line to unveil its 5th Generation of the iPad tablet that will come with a major redesign and expected to look a lot like the iPad mini with the screen size staying the same as iPad 4.

The new launch will happen six weeks after Apple launched the iPhone 5s and the low-cost iPhone 5c to replace its iPhone 5 model on September 10 at an event hosted by Apple CEO Tim Cook. The event also marked the launch of the much-anticipated iOS 7 operating system.

At a similar invitation event same time last year, the company unveiled the widely anticipated smaller version of its iPad tablet for it to directly take on Google, Inc. (GOOG) and Amazon.com (AMZN) for a piece of the small-tablet market. The company also then revealed an upgraded version of its iPad, called iPad 4th Generation, and Macintosh computer lines.

The day of Apple's invitation event also coincides with the day when Microsoft Corp.'s (MSFT) Surface 2 will arrive for sale, and Nokia's event that is expected to see the launch of six new devices including a tablet.

Apple's invitation event was originally set for October 15, but was postponed by a week as Apple was having supply issues on the sourcing of retina displays.

AAPL closed Tuesday's regular trading session at $480.94, down $6.81 or 1.40% on a volume of 10.39 million shares. However, the stock gained $2.66 or 0.55% in after-hours trading.

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by RTT Staff Writer

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The Reserve Bank of New Zealand on Thursday raised its Official Cash Rate by 25 basis points, to 3.00 percent from 2.75 percent. The decision was in line with expectations, and it marks the second straight month with a rate hike following 24 straight meetings in which the rate was not changed. New Zealand's economic expansion has considerable momentum, with GDP estimated to have grown by 3.5 percent in the year to March. Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter. Stocks moved mostly lower during trading on Wednesday, giving back some ground after trending higher over the past several sessions. Selling pressure was relatively subdued, however, limiting the downside for the markets. The major averages all closed in the red, although the tech-heavy Nasdaq underperformed its counterparts by a wide margin.
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