The new iPad has an A6X chip, promising faster performance and better graphics, and also has the addition of a FaceTime HD camera and Lighting port. Prices of the fourth generation iPad start at £399.
The third-generation is no longer being sold in Apple's normal store, but, if its impressive Retina display and A5X chip is good enough for you, Apple is offering it to customers at a hefty discount through its Refurbished Store.
The starting price of the iPad 3 in the refurb store is £315 for the 16GB WiFi only model. That's already £14 cheaper than Apple is selling the iPad 2 for.
The biggest saving comes from the 64GB WiFi model, has a discount of £120 in the refurbished store, selling for £439.
Stock is bound to be limited though, so we don't expect these models to stick around for long. But, it's certainly worthwhile considering this option before investing in a new(er) iPad or iPad 2.
Of course, the alternative is the iPad mini, which will be available to pre-order on Friday. The iPad mini starts at £269. For more about the new 7.9in tablet, check out the rest of our coverage from Apple's special event at the links below.
Apple faithful, Android/Windows fans debate iPad mini on Twitter
iPad mini vs. Nexus 7: A head-to-head tablet comparison
Apple unveils Fusion Drive for new iMac and Mac mini
Apple's predictable iPad mini keynote still had some surprises
Apple iPad mini in pictures
Apple iPad mini specs revealed
Apple iPad mini UK pricing announced