This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Apple's iPad 3 Poses More Questions Than Answers (Update 1)

Stocks in this article: AAPL AMZN VZ T GOOG

Updated from 12:58 p.m. EST to include analysts' comments in the seventh and eight paragraphs.

NEW YORK ( TheStreet) - The buzz around the Apple (AAPL) iPad 3 is increasing by the day, with Apple confirming the rumors about a launch next week, but the features list is still up in the air.

Working off of leaked photos and images, several analysts and bloggers have speculated the next version of the iPad will be slightly thicker than the iPad 2, which could mean a bigger battery. Rumors suggest the tablet will feature Retina Display, the new A5X processor for improved speed and computing power, and a QXGA 1,536 x 2,048-pixel HD display.

Another rumor which could be the biggest selling point would be the new iPad will be Long Term Evolution (LTE) ready, capable of running on the 4G networks from AT&T (T) and Verizon (VZ).

Sterne Agee analyst Shaw Wu believes that if the iPad were to incorporate 4G LTE technology, it could be a boon for sales.

"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, sic Amazon's (AAPL) Kindle Fire and not to mention the myriad of sic Google (GOOG) Android offerings out there," Wu wrote in a recent research note. He rates Apple buy with a $550 price target.

Wu believes the introduction of an LTE-enabled iPad could make his estimate for 51 million iPads to be sold in fiscal year 2012 "conservative." Apple has sold more than 55 million iPads since the product launched in March 2010.

Piper Jaffray analyst Gene Munster suggested in a research note that Apple could call the new tablet "iPad HD," highlighting the high-resolution display, or perhaps "iPad 4G" to showcase the potential for 4G LTE connectivity.

Munster also noted that if Apple does sell an iPad in the March quarter, that could "drive upside to our March quarter iPad estimate of 9.0m units." Munster rates Apple overweight with a $670 price target.

Many believe the third version of the iPad will include Siri, Apple's voice navigation assistant. Siri is already known to be making its way into some models of Mercedes-Benz cars later this year.

CNBC tweeted Apple has sent out the press invite, entitled "We Have Something You Really Have To See. And Touch." The event will be held March 7 in San Francisco at the Yerba Buena Center for the Arts at 10 a.m. PST.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs