NEW YORK ( TheStreet) -- As reports suggest that Apple's (AAPL - Get Report) iPad may be fast approaching release, consumers will have to make a choice whether to upgrade to Apple's latest offering or purchase something else.
The next Apple iPad is expected to be released next week, with several new features to the popular tablet.
The next version of the iPad will be slightly different from the iPad 2 in form factor, but very different in feature set. Rumors suggest the tablet will feature Retina Display, an updated processor for improved speed and computing power, a QXGA 1,536 x 2,048-pixel HD display and a longer battery life. There is also speculation the new iPad will be Long Term Evolution (LTE) ready, capable of running on the 4G networks from AT&T (T) and Verizon (VZ).
Apple sold 15.4 million iPads during its most recent quarter, and analysts suggest that an LTE-enabled iPad could be a huge selling factor. Sterne Agee analyst Shaw Wu wrote, "We believe this significant refresh will likely help drive higher iPad sales and help further differentiate from arguably the only real competitor in the market