CUPERTINO, Calif. (TheStreet) -- Investors and consumers are eagerly anticipating Apple's (AAPL) - Get ReportiPad 3, which is likely to debut at a glitzy event in San Francisco next week.

Apple's invitation, sent out earlier this week, featured part of a tablet screen, confirming expectations of a major iPad announcement. "We have something you really have to see. And touch," the tech giant said.

The Apple rumor mill has been churning full speed ahead of the event at San Francisco's Yerba Buena Center for the Arts. There has, for example, been chatter that a new iPad will feature Retina Display, an updated processor for improved speed and computing power, and a longer battery life. There has also been talk the new iPad will be Long Term Evolution (LTE) ready, capable of running on the 4G networks from

AT&T

(T) - Get Report

and

Verizon

(VZ) - Get Report

.

The gadget would bump up Apple's stock even more so. Apple, which has recently been hitting new highs, sold a record 15.4 million iPads during its recent fiscal first quarter, just about double that of the year-earlier period.

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--Written by James Rogers in New York.

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