Apple introduces revamped version of its iPad and iPhone 7 at affordable price

Apple Inc introduced a revamped version of its most popular-sized iPad at the most affordable price ever, and a shiny red iPhone 7, whose sales will help to combat AIDS.

Apple unveiled a new 9.7-inch iPad with a brighter Retina display starting at $329, and a special edition red aluminum finish iPhone 7 and iPhone 7 Plus, part of the company's decade-long partnership with (RED), which contributes to the Global Fund to fight HIV and AIDS.

Tim Cook, CEO, Apple said in a statement, "Since we began working with (RED) 10 years ago, our customers have made a significant impact in fighting the spread of AIDS through the purchase of our products, from the original iPod nano (PROD-UCT) RED Special Edition all the way to today's lineup of Beats products and accessories for iPhone, iPad and Apple Watch."

Apple is the world's largest corporate donor to the Global Fund, contributing more than $130 million, the company said.

Apple is expected to reveal a significant upgrade to the iPhone later this year. Cuupertino, California-based Apple last year unveiled a new iPhone which reignited sales growth in the Christmas quarter after a year of declines.