iPad 3 to release in March with Retina Display, Quad-core process and LTE

According to a report by Bloomberg, production for the iPad 3 has already begun and will be ready for a March launch date. The third gen iPad will also sport a quad-core chip, the long rumoured Retina Display and have support for LTE.

Apple Inc. (AAPL)’s next iPad, expected to go on sale in March, will sport a high-definition screen, run a faster processor and work with next-generation wireless networks, according to three people familiar with the product.

While the quad-core processor and retina display should not come as surprises for the iPad 3, the fact that the upcoming tablet will be compatible with the much faster LTE network before its iPhone counterpart is somewhat surprising. Bloomberg’s sources explain that the iPad “has a bigger battery and can better support the power requirements of the newer technology”. Of course, that’s not to say that the iPhone 5 won’t be compatible with LTE when it does release later this year.

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