Apple unveiled their third-generation iPad yesterday and one of the biggest surprises is the name. During the introductory presentation Apple Chief Executive Tim Cook, who replaced the late Steve Jobs, simply referred to the device as the “new iPad,” rather than the expected iPad 3 moniker.

The new tablet has many improvements, including a faster processor, a higher resolution “retina display” screen, and 4G “LTE,” or Long-Term Evolution network capability, allowing for faster downloads and better streaming when not connected to wi-fi.

Apple will continue to offer the iPad 2, but is dropping the price by $100 to $399. The wi-fi only new version goes on sale March 16th for $499, with the top-of-the-line model priced at $629.