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Apple Is Said to Ready IPad 3 With Sharper Screen, LTE Access

January 20, 2012 | Hogan Keyser
ipad3_mockup.jpg

January 13, 2012 by Tim Culpan, Peter Burrows, and Adam Satariano via Bloomberg.com -- Apple Inc. (AAPL)'s next iPad, expected to go on sale in March, will sport a high-definition screen, run a faster processor and work with next-generation wireless networks, according to three people familiar with the product.

The company's manufacturing partners in Asia started ramping up production of the iPad 3 this month and plan to reach full volumes by February, said one of the people, who asked not to be named because the details aren't public. The tablet will use a quad-core chip, an enhancement that lets users jump more quickly between applications, two of the people said.

Chief Executive Officer Tim Cook is counting on the new model to ward off mounting competition in a market that Apple pioneered two years ago. After its debut in 2010, the iPad emerged as the company's second-biggest source of revenue -- after the iPhone -- and inspired rival products from Amazon.com Inc. (AMZN) and Samsung (005930) Electronics Co. Apple has sold more than 40 million iPads, generating at least $25.3 billion in sales.

Natalie Kerris, a spokeswoman for Apple, said the company doesn't comment on rumor and speculation.

The Cupertino, California-based company has been working on making the iPad compatible with a wireless standard called long- term evolution, or LTE, said one of the people. Carriers such as Verizon Wireless (VZ) and ATT Inc. (T) are rolling out LTE networks to give users faster access to data.

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