Apple's plans call for an iPad 2, which will be a 7-inch touchscreen tablet with a front-facing VGA camera and a 1-megapixel rear camera targeted for a March arrival, says Rodman Renshaw analyst Ashok Kumar, who has talked to Apple's supply and manufacturing partners.
The details of the iPad 2 help confirm recent rumors that Apple was shrinking the popular iPad to defend its position against a wave of smaller new tablets like the Dell (DELL) Streak (a 5-inch device) and the Samsung Galaxy Tab (7 inches). But unlike earlier reports that called for a new iPad in time for the holidays, the new information puts the arrival closer to spring.
The iPad 2 is being made by Pegatron, the Taiwan contract manufacturer that is also assembling Apple's CDMA iPhone, which is expected to appear at Verizon (VZ) early next year, says Kumar.Apple's decision to introduce a smaller, presumably cheaper follow-up to the original iPad is a bit puzzling. Clearly it signals the possibility that Apple sees a threat to its tablet franchise at the lower price levels. But Apple may also want to shrink the device so it doesn't cannibalize its notebook sales. The news of the iPad 2 comes less than a week after Samsung unveiled its Galaxy Tab, a touch-screen device that will arrive at Verizon, Sprint (S), AT&T (T) and T-Mobile in the coming months. --Written by Scott Moritz in New York.
>To contact this writer, click here: Scott Moritz, or email: firstname.lastname@example.org. To follow Scott on Twitter, go to http://twitter.com/TheStreet_Tech. >To send a tip, email: email@example.com.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV