Former Apple CEO Steve Jobs with iPad
In creating the iPad, former Apple CEO Steve Jobs may have finally provided the newspaper industry an opportunity to gain paying customers. Reuters

Apple might start manufacturing the next generation iPad from October in cooperation with its Asian component suppliers and assemblers in order to release the tablet early next year, an anonymous source told WSJ.

According to the source, the new iPad will be featured a high resolution display - 2048 by 1536 to replace the iPad 2's 1024 by 768. Also ABC News revealed that the iPad 3 is also expected to be thinner and lighter than the iPad 2.

Apple has placed orders for parts for about 1.5 million iPad 3s in the fourth quarter, according to a component supplier. Suppliers will ramp up production and try to improve the yield rate for the new iPad in the fourth quarter before its official launch in early 2012, a source at the supplier told WSJ.

Apple employs many manufacturing specialists to help it to assemble its gadgets based on Apple's designs. Most of them are from Taiwan or mainland China, such as Hon Hai Precision Industry Co. Since Apple arranges its labor-intensive production lines abroad with low cost, its product prices are consequently competitive.