Apple to hold launch event on May 7, with new iPads expected

Apple iPads are displayed in a Costco warehouse. The upcoming release will feature revamped versions of the iPad Pro and Air, according to people familiar with the matter. — AP

Apple Inc announced plans for a special event on May 7, when it’s expected to unveil new iPads and accessories after a long lull.

The invitation for the presentation, dubbed “Let Loose”, depicts what appears to be an Apple Pencil. The event is scheduled for 10am New York time.