Following an official unveiling of its new second generation iPad Air at its press event today, Apple has now confirmed the device will start at $499 and ship next week. Preorders for the new iPad Air 2 kick off tomorrow, Oct. 17.

The $499 starting price for the new iPad Air is for the 16GB, Wi-Fi only model matching the prices of the previous generation iPad Air. Apple will also offer 32GB ($599), 64GB ($699) and 128GB ($799) variants for the usual $100 premium. The cellular model of the iPad Air 2 starts at the same $629 for the 16GB model as the previous generation. 

With the new iPad Air 2 retaining the same pricing as the previous generation, Apple announced it will also continue selling the previous generation a new lower price point.

The new iPad Air features an 18% slimmer design, a Touch ID fingerprint sensor, a gold color option and a number of other improved internals. Full specs and details on new features are available here.