"While competitors are still struggling to catch up with our first iPad, we've changed the game again with iPad 2," said Steve Jobs, Apple's CEO.
"We're experiencing amazing demand for iPad 2 in the US, and customers around the world have told us they can't wait to get their hands on it. We appreciate everyone's patience and we are working hard to build enough iPads for everyone."
Pricing will be as follows: £399 inc VAT for the 16GB model, £479 inc VAT for the 32GB model, £559 inc VAT for the 64GB model.
The iPad 2 with Wi-Fi + 3G will be available for a suggested retail price of £499 inc VAT for the 16GB model, £579 inc VAT for the 32GB model and £659 inc VAT for the 64GB model.
The prices are lower than those of the original iPad when it first launched - the 16GB Wi-Fi only model was £429.
The iPad 2 is smaller and lighter than its predecessor, and faster, too. It comes in a choice of two colours: black or white.
See also: Pictures: Apple iPad 2 unboxing