Apple (NASDAQ: AAPL) will unveil its much anticipated iPad 3 tablet in the first week of March, according to a new report on respected tech site AllThingsD. Citing sources, the report says that Apple will debut the iPad 3 in the first week of March, with availability expected to follow shortly after. Speculation has been rife about the prospect of a February or March release date for a few months now, though AllThingsD is the most reputed site so far to step forward with a prediction.

According to the report, the new iPad will sport a similar form factor to the iPad 2, but with a more powerful chip and an improved graphics processing unit under the hood. It will also feature a high-resolution display, though there is no mention of a quad-core processor as suggested by tech site BGR last week.

Based on the rumored specifications so far, the iPad 3 will likely appeal to first-timer iPad buyers and original iPad owners. It may have limited appeal to existing iPad 2 owners though, unless they have need for a high-resolution display. For now, analysts are predicting that Apple will lower the price of the iPad 2 upon the release of the iPad 3.

For more:
- check out this article at Wired
- check out this article at InformationWeek

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