Shares of exercise stationary bike maker Peloton, which also has a subscription service, lost and then recovered some gains after Apple's announcement and were up about 6% in afternoon trade.
The iPad Air starts at $599 and will be available next month.
On the fitness front, watchOS 7 adds four new workouts: dance, functional strength training, core training and cooldown. Apple says the device has a 40% faster GPU and a 2x graphics improvement on the prior model.
The iPad is twice as fast as the top-selling Windows laptop and 3x the top Android tablet, and 6x Chromebooks, claims Apple.
The iPad 8th-gen tablet goes up for pre-order today for $329 and it will be available starting Friday.
Fitness+ is one of the services being incorporated into Apple One, which bundles Apple's various subscription services into one package.
You didn't think Apple would stop at just announcing some new watches, did you? Apple's UWB solution debuted with iPhone 11 in 2019.
Fitness+ costs $9.99/month or $79.99/year with family plans available.
Apple had previously hinted that this year's phone might be delayed, following a series of reports about disruption, related to the COVID-19 pandemic, in its Chinese supply chain. The $279 SE lacks the blood oxygen sensor in the Series 6, and uses the last generation's S5 processor, but features the same sensors-like the always-on altimeter-and the same improved display as the Series 6. In just 15 seconds, your Watch will be able to measure your SpO2 levels which can be used to identify an array of underlying health issues such as anxiety and sleep apnea.
"Apple Watch SE combines elements of the Series 6 design with the most essential features of Apple Watch, all at a more affordable price", said Jeff Williams, Apple's chief operating officer.
Mumbai: Shares of Apple jumped almost 3 per cent on Monday, ahead of the tech giant's major event scheduled on Tuesday, as speculations were ripe that the company may make a series of product announcements at the much-awaited event.
The watch's ability to monitor blood oxygen seeks to beat a similar feature already available on watches from rival Fitbit Inc, which Google is buying for $US2.1 billion.