Raspberry Pi 3 has in-built Wi-Fi, Bluetooth; costs $35
Raspberry Pi 3 Model BRaspberry Pi Website

Raspberry Pi released its latest offering, Raspberry Pi 3, Monday. It has been priced at $35.

The company claimed on its blog, the latest offering from the company costs the same as its predecessor, the Raspberry Pi 2.

Eben Upton, the company's founder, said in the post the launch of its latest offering coincided with the company's fourth anniversary.

According to the product specifications released by the company, Raspberry Pi 3 comes equipped with a 1.2GHz 64-bit quad-core ARM Cortex-A53 CPU, an integrated 802.11n wireless LAN and Bluetooth 4.1. Upton also said the new offering was entirely compatible with its predecessors, Raspberry Pi 1 and Raspberry Pi 2.

Raspberry Pi 3 went on sale from Monday.

"We've shipped over 8 million units, including 3 million units of Raspberry Pi 2," Upton wrote in the post about the number of units sold by the company so far.

He wrote the Pi 3 is 10 times faster than Raspberry Pi 1. "10x is a typical figure for a multi-threaded CPU benchmark like SysBench. Real-world applications will see a performance increase of between 2.5x (for single-threaded applications) and >20x (for NEON-enabled video codecs), (sic)" he wrote. Raspberry Pi 3 is powered by Broadcom's new System on a Chip (SoC), BCM2837.

Raspberry Pi also clarified on the fate of the earlier versions. "We have a lot of industrial customers who will want to stick with Raspberry Pi 1 or 2 for the time being. We'll keep building these models for as long as there's demand. Raspberry Pi 1 Model B+ and Raspberry Pi 2 Model B will continue to sell for $25 and $35, respectively," Upton wrote in the blog.

The company said it now has over 60 full-time employees and has also sent a Raspberry Pi device to the International Space Station.