The 128GB iPad with Retina display will be released on February 5, Apple has announced.

Offering twice the storage capacity of the 64GB model, the new edition to the iPad family will set buyers back £639 for the Wi-Fi model and a staggering £739 for the Wi-Fi + Cellular model.

"With more than 120 million iPads sold, it's clear that customers around the world love their iPads, and everyday they are finding more great reasons to work, learn and play on their iPads rather than their old PCs," said Philip Schiller, Apple's senior vice president of Worldwide Marketing. "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."

The 128GB iPad will be available in black or white.

Source: Press release