Apple has unveiled the 128GB version of the fourth generation iPad with Retina display.
The new version will be available from 5 February 2013.
The iPad will have twice the memory space compared to existing devices and will be available in a Wi-Fi model and the Wi-Fi + Cellular models.
Apple Worldwide Marketing senior vice president Philip Schiller said: "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."
Features of the device include a 9.7inch Retina display, Apple-designed A6X chip, FaceTime HD camera, iOS 6.1 and iTunes Match.
The iPad comes with Global Apptitude, Auria, AutoCAD and supports files including 3D CAD, X-rays, film edits, music tracks, project blueprints, training videos and service manuals.
The new iPad claims to give greater choice for business customers who want abigger storage option.
Apple vice president of AutoCAD products for Autodesk Amy Bunszel said that AutoCAD WS app for iOS was designed to give customers seamless access to their designs anywhere, anytime.
"These files are often large and highly detailed so having the thin and light iPad with its Multitouch display, integrated camera and all-day battery life, is a real advantage for iPad users to view, edit and share their AutoCAD data," Bunszel said.
Earlier this year, the company released iOS 6.1, with added 4G LTE support for 36 additional iPhone carriers and 23 iPad carriers across the globe.