Apple Announces (Red) iPhone, Cheapest-Ever iPad

Apple's first product launch of the year introduced a new iPad and a special edition iPhone, BuzzFeed and CNN report:

• The appropriately colored red iPhone will benefit (Red), the AIDS-fighting organization founded by Bono. The aluminum-bodied phones will be similar to the iPhone 7 and the iPhone 7 Plus, and will go on sale Friday for a limited time. A 128GB model and a 256GB model will be available, starting at $749. Apple has sold other (Red)-branded products, starting with an iPod nano in 2006, and has raised more than $130 million for the nonprofit since then.

• The new 9.7-inch iPad will have a brighter Retina display and an upgraded chip over the one included in the iPad Air 2. It can be ordered starting Friday and will be in stores next week with a starting price of $329 for the 32GB model, which is $70 less than the iPad Air 2's starting price and is the cheapest starting price ever for an iPad.

(Read more Apple stories.)