Bloomberg cites “three people familiar with the product” as revealing that the iPad 3 will be powered by a quad-core chip, sport a high-definition screen and run on LTE ‘4G’ networks.
Bloomberg’s source also claims that production of the iPad 3 is in full flow and will peak by the end of February before it goes on sale in March.
The new display of the iPad 3 has been subject of much debate with many sources claiming that it will sport a 9.7in HD screen (1,536 x 2,048), an improved camera and a longer lasting battery.

iLounge goes one step further than Bloomberg claiming that it saw the iPad 3 at the Consumer Electronics Show last week, stating that it was about 1mm thicker than the iPad 2 and didn’t look much difference.
“Switch, button, speaker, and other elements located on the side edges are all the same, as are the headphone and Dock Connector ports,” wrote iLounge editor, Mr Horwitz.
Sadly, the UK won’t see the benefits of 4G until next year with a country-wide rollout not expected to be complete until 2015. Nonetheless, Apple fanboys will probably still welcome a faster processor and an upgraded screen.
Apple has refused to comment on speculation.