Apple Rumors Special: iPad 3 Debuts March 7

by Adam Patterson | February 28, 2012 4:28 pm

Here’s an Apple rumors[1] special on the iPad 3: daily apple rumors AAPL[2]

“We have something you really have to see. And touch,” reads the Apple (NASDAQ:AAPL[3]) invitation to a March 7 product event. According to Bloomberg[4], the world’s most valuable company will debut its third generation tablet in San Francisco Wednesday of next week.

The iPad 3 is slated to host a bounty of new features[5] — including HD display, notably augmented processing speed[6], and improved compatibility with high-speed wireless networks. The iPad’s display has also been renovated; iPad 3 boasts greater pixel density than some currently marketed HD televisions, and additional graphics processing will render video streaming near instantaneous.

The iPad 3 release is expected to contend mounting pressure from Apple’s running competitors in both the tablet and smartphone markets. The sudden but theatrical iPad 3 debut may divert market attention from competing products running Google‘s (NASDAQ:GOOG[7]) Android software. In the wake of its debut over the holiday season, the iPad 3 may also siphon away sales of Amazon‘s (NASDAQ:

AMZN[8]) Kindle Fire.

Apple has been particularly quick to render the iPad 3 compatible with wireless long-term evolution, or LTE, standards. Both Verizon Wireless (NYSE:VZ[9]) and AT&T (NYSE:T[10]) are introducing fast-data LTE networks; Nokia (NYSE:NOK[11]) and Motorola (NYSE:MMI[12]) already produce phones compatible with LTE networks. However, Apple’s iPad 3 is the first ever LTE-compatible tablet.

Once product launch was officially announced, Apple’s market value bounced — with shares climbing 1.6 percent  to $534.20 at 1:05 EST. The stock has risen 32 percent overall this year.

Adam Patterson is Assistant Editor of InvestorPlace. As of this writing, he did not hold a position in any of the aforementioned securities[13]. For more from the company, check out our previous Apple Rumors[14] stories.

Endnotes:
  1. Apple rumors: https://investorplace.com/hot-topics/apple-rumors-stock-news/
  2. [Image]: https://investorplace.com/hot-topics/apple-rumors-stock-news/
  3. AAPL: http://studio-5.financialcontent.com/investplace/quote?Symbol=AAPL
  4. According to Bloomberg: http://www.bloomberg.com/news/2012-02-28/apple-to-hold-product-event-march-7-to-unveil-what-s-said-to-be-the-ipad-3.html
  5. bounty of new features: https://investorplace.com/2012/02/4-key-features-of-the-ipad-3-aapl-goog-amzn/
  6. notably augmented processing speed: https://investorplace.com/2012/02/tuesday-apple-rumors-apple-sued-over-ipad-trademark-aapl/
  7. GOOG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GOOG
  8. AMZN: http://studio-5.financialcontent.com/investplace/quote?Symbol=AMZN
  9. VZ: http://studio-5.financialcontent.com/investplace/quote?Symbol=VZ
  10. T: http://studio-5.financialcontent.com/investplace/quote?Symbol=T
  11. NOK: http://studio-5.financialcontent.com/investplace/quote?Symbol=NOK
  12. MMI: http://studio-5.financialcontent.com/investplace/quote?Symbol=MMI
  13. securities: https://investorplace.com/investing-in-securities/
  14. Apple Rumors: https://investorplace.com/2012/02/hot-topics/apple-rumors-stock-news/

Source URL: https://investorplace.com/2012/02/apple-rumors-special-ipad3-debuts-march-7/

Copyright ©2025 InvestorPlace unless otherwise noted.