Apple announced details of the latest version of its popular tablet computing gadget, the iPad 2, at a special press event hosted by CEO Steve Jobs (much to the surprise of the crowd).

Notable upgrades include a new A5 chip, faster CPU, both front and rear cameras, a gyroscope, 33 percent thinner design (8.8 mm), support for both CDMA and GSM cellular networks (AT&T and Verizon), and it comes in white or black. The iPad 2’s battery life remains at 10-hours as well as their pricing structure that begins at $499 for wi-fi only.

Additionally, Apple debuted support for two new accessories, including HDMI Mirrored Video Output via a dock cable, which offers up to 1080p to computer monitors and HD televisions, and a new smart cover that acts as a protective screen/microfiber cleaner when on the iPad and props up the device when taken off.