Rumor was going around that Apple was working on a 128GB version of its iPad. Some were skeptical. In an interesting turn of events, Apple actually came out and announced the device without a big event talking about how amazing and magical it is.

The device is a 128GB version of the fourth-generation iPad with Retina Display. It comes in both the Wi-Fi and Wi-Fi + Cellular models. Previous versions came with 64GB of storage.

“With more than 120 million iPads sold, it’s clear that customers around the world love their iPads, and everyday they are finding more great reasons to work, learn and play on their iPads rather than their old PCs,” said Apple SVP of Worldwide Marketing, Philip Schiller. “With twice the storage capacity and an unparalleled selection of over 300,000 native iPad apps, enterprises, educators and artists have even more reasons to use iPad for all their business and personal needs.”

The new devices will be available starting Tuesday, February 5 in black and white. Oh, by the way, they cost $799 and $929 for the Wi-Fi and Wi-Fi + Cellular models, respectively.

On Monday, Apple launched iOS 6.1. More on that here.