Apple iPad 3 Rumors: Release Update and Tips on Features

According to the latest buzz, iPad 3, which analysts believe would be the name for the much-awaited gadget, will be unveiled in a few weeks from now.

It is more or less confirmed that Apple won't be holding any event in February. Quoting Silicon Valley insiders, AllThingsD reported that the successor to iPad 2 is now most likely to be debuted at a media event in the first week of March at the Yerba Buena Center for the Arts in San Francisco.

The report adds that the gadget will hit the stores in a week from its official launch.

The device is expected to be quite similar to iPad 2 in form, but will come with a much faster chip and an advanced graphics processing unit, along with a 2048×1536 retina display, the report says.

Meanwhile, company sources declined to comment on any possible release date.