The iPad 3 is on its way, and could be as soon as in a few months. The Internet, at the moment, has been flooded with rumored features and specifications of the upcoming tablet from Apple. According to popular belief, the iPad 3 will arrive with a retina display, while others believe that the device will have double battery capacity than that of the iPad 2. Other rumors have suggested that it will have a better A6 processor.

As per sources, the first lot of LCDs for the device, which will be produced by Sharp Electronics Corporation, could be shipped at early March. An unnamed company has also confirmed that the cases which were a perfect fit for the iPad 2 are unable to fit the iPad 3. The source also added that the front rounding corner of the device will be the same as the current iPad and magnets might be used for fixing Smart Cover which will be placed on different positions.

Others details about the device that have poured in say that the shape of the device’s dock connector will be the same as the current iPad. The position of the hardware buttons as well as the camera button, as per a report from iLounge, will be the same too. It is widely speculated that it may be called iPad 2S and not iPad 3.

9to5Mac has revealed that Apple will release the device with a quad-core processor. According to their source, they have found traces of it in iOS 5.1 beta. The OS’s updated core version in the software (/cores/core.3 and /cores/core.1) has also shown that the forthcoming Apple devices will have quad-core processors.

9to5Mac believes that updated processing-core management software is hidden inside the latest iOS 5.1 beta. It not only supports the dual core processing enabled by the A5 iPhone and iPad chip, but also quad-core processing. They also believe that Apple has left references to quad-core chips in the iOS 5.1 beta. It is notable because iOS 5.1 is the software currently being tested against the third-generation iPad.

Apple is also currently testing an unreleased iPhone 5.1 against the iOS 5.1-beta software.

(Information from Gdeluxe.com)

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