This Day On The Street
Continue to site
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

Everything You Want to Know About Apple's iPad 3 (Update2)

(Updated from 12:07 p.m. to include additional speculation about new operating system and Gorilla Glass 2 in the ninth and 12th paragraphs.)

NEW YORK ( TheStreet) -- Apple (AAPL - Get Report) is most likely set to unveil its latest iPad on Wednesday, and the rumor mill of what it will offer keeps growing.

From a faster processor, to Retina Display, to a better camera, there are several new features reportedly in the works for the newest tablet from Apple.

Here is an updated list of all the supposed features of the iPad 3.

Long Term Evolution (LTE) may be the biggest change to the iPad 3. LTE would allow the iPad 3 to surf the Internet and perform other functions such as downloading and opening apps at much faster speeds. The iPad 3 would be 4G-compatible, running on the high-speed networks from AT&T (T - Get Report) and Verizon (VZ - Get Report). Sprint (S) also has a 4G network and it already carries the iPhone 4S, but it doesn't offer a data plan for the iPad yet.

LTE is expected to be a major selling point, according to Sterne Agee's Shaw Wu.

"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, AMZN's Kindle Fire and not to mention the myriad of GOOG Android offerings out there," Wu wrote in a recent research note. Wu recently upped his calendar year 2012 iPad estimate from 51 million units to 55 million units. He rates Apple a buy with a $620 price target.

Running on LTE could help improve FaceTime, Apple's software application that allows users to make video calls to other iOS users. As a result, many expect Apple to increase the quality of the cameras on the iPad 3.

Rumors persist that the new iPad will get a high-definition front-facing camera to help support video conferencing. The back-facing camera may be upgraded to 8 megapixels or more to take higher quality photos. Currently, the iPhone 4S has a 8 megapixel camera.

There has also been talk that Apple will release an update of its newest operating system, iOS 5.1, on March 7. Apple released the previous version of its mobile operating system, iOS 5, along with the iPhone 4S on Oct. 4, 2011.

Apple is also likely to put a new processor, codenamed A5X, into the iPad 3. This would help Apple keep up with the speed demands for running on the LTE networks from telecom companies. Some are expecting a dual-core processor, while a few expect a quad-core, or four chips on a single processor.

The screen is likely to be the other major change from the previous version. It is expected that the new iPad will have Retina Display, and feature a QXGA 1,536 x 2,048-pixel HD display. That is much clearer than the iPad 2. It will have twice as many pixels as the previous version. Currently, only the iPhone 4 and iPhone 4S have Retina Display.

There are rumors that Corning's (GLW) Gorilla Glass 2 could be used as the screen for the iPad 3. Apple acknowledged its relationship with Corning on Friday, when it mentioned the company as a supplier amidst job creation in the U.S.

This coincides with a potentially better speaker system on the iPad 3, as users increasingly use it for video support, watching movies and TV shows from Hulu, Netflix (NFLX) and other content-related apps.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.24 -0.41%
NXPI $85.24 1.69%
S $3.44 -0.86%
T $38.74 -0.36%
VZ $50.84 0.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs