Apple Starts Production on New iPad

Ipad 2

Listen up iPad lovers, because Apple Inc. has reportedly started manufacturing a new version of its iPad, according to The Wall Street Journal.

The new tablet computer is set to come with a built-in camera and faster processor, in addition to all the regular bells and whistles. It also promises to be thinner and lighter than the first model and have more memory and a more powerful graphics processor.

The new iPad will reportedly only be available through Verizon and AT&T, but not Sprint or T-Mobile. It is expected by Apple watchers to debut in the next couple of months and will reportedly show up on shelves at a similar price range as the current iPad – between $499 and $829.

The new release comes at a great time as Piper Jaffray & Co. estimates Apple will sell 27 million iPads in 2011. Some investors reportedly expect as many as 35 million units in sales.

The tablet market has become more competitive since the iPad’s arrival last year with companies like Samsung and Motorola, who are reportedly working on tablets with features the iPad won’t have, like support for high-speed high-speed 4G wireless networks.

This could mean that, although the iPad dominates tablet sales now, those numbers could change in the next couple years.

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