Apple's latest iPad 3 which is expected to be unveiled by the company tomorrow, March 7th — will be introduced as a 4G "LTE" capable device according to a report by Reuters.
"The newest iPad will be capable of operating on a high-speed 4G "LTE," or Long-Term Evolution network, according to a source familiar with the product." Reuters r eported. "At speeds roughly 10 times faster than current 3G technology, that may go a long way toward banishing the sometimes shaky video quality of older devices."
Preparations are being made for an Apple store event to take place on Friday, March 16th which 9to 5 Mac believes will be the official iPad 3 release date as reported by the blog which cites news from "reliable sources" as it pertains to the launch.
Reuters said that Apple is hoping customers will be "enticed to pay more" for an LTE iPad due to high-quality video. To date, Apple faithful have favored the cheaper Wi-Fi-only model — even with limited web access it has been the top-selling iPad over pricier models with 3G connectivity.
"This is the device people want. They want the fastest speed. They want high resolution." UBS analyst John Hodulik told Reuters.
While the release of iPad 2 delivered only minor incremental upgrades, the market will be expecting a lot more with iPad 3. With a high resolution 2048×1536 Retina display, faster processing speeds and 4G LTE capabilities, iPad 3 may represent the tipping point that pushes sales of Apple's tablet juggernaut well past the 100 million mark since the device was first introduced in April 2010.
"Within the next few years, more tablets will be sold yearly than computers," says Piper Jaffray analyst Gene Munster "Consumers love them."