Apple has officially announced that it will begin shipping a new 128GB fourth-generation iPad. In a move to help consumers store more stuff on their iPads, the folks in Cupertino have doubled the capacity of the fourth-generation iPad to a whopping 128GB model.

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With the increased storage, however, comes an increased price. The 128GB WiFi model will cost $799 and the WiFi + Cellular will set you back $929. There has been no change to hardware, just a bump in storage. The new models will be available for purchase from Feb. 5.

Here's the press release:

Apple Increases iPad with Retina Display to 128GB

Offers Twice the Storage Capacity to Create & Enjoy Even More Incredible Content

CUPERTINO, Calif., Jan 29, 2013 (BUSINESS WIRE) -- Apple(R) today announced a 128GB* version of the fourth generation iPad(R) with Retina(R) display. The 128GB iPad with Wi-Fi and iPad with Wi-Fi + Cellular models provide twice the storage capacity of the 64GB models to hold even more valuable content including photos, documents, projects, presentations, books, movies, TV shows, music and apps.

"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 new 128GB versions of the fourth generation iPad will be available starting Tuesday, February 5, in black or white, for a suggested retail price of $799 (US) for the iPad with Wi-Fi model and $929 (US) for the iPad with Wi-Fi + Cellular model. All versions of the 128GB iPad will be sold through the Apple Online Store ( www.apple.com ), Apple retail stores and select Apple Authorized Resellers.

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