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Apple announces budget iPad for students

Apple announces budget iPad for students
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(CNN) - Tech giant Apple on Tuesday revealed a new "budget" iPad targeted toward students.

CEO Tim Cook and other Apple executives showed off the device at a school in Chicago.

It's the same size as the traditional iPad and costs $299 for schools and $329 for consumers.

The company also talked about software features designed specifically for teachers and students, as well as a series of apps for the classroom.

Apple is fighting to take back market share in classroom devices after losing ground in recent years to devices like Google's Chromebook.

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