iPad 3 Expected Next Week

Retina display, faster processer, better camera could be included


Apple is expected to unveil the iPad 3, the next generation of its popular tablet, at a San Francisco event on March 7.

Apple announced the event on Tuesday, sending an invitation with the tagline, "We have something you really have to see. And touch." Although Apple hasn't specifically said the event will be to unveil the new iPad, the invitation shows a finger touching an iPad, and the iPad launch has been long rumored for early March.

Apple has given no specifics on what features the new iPad will include, although rumors have included a Retina-display screen, a faster processor, a better camera and a bigger battery.

The iPad 2 came out a year ago.  The starting price was $499 and $629 for 3G.

If the iPad 3 is released, the cost of an iPad 2 will likely be discounted.

The Apple invite asks reporters to come to the Yerba Buena Center for the Arts in San Francisco at 10 a.m.

We don't know when the new iPad would be available for sale. Sales of the iPad 2 launched nine days after the Apple announcement.

Here's CNBC's take on the announcement.

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