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Apple Unveils iPad3

Apple unveiled the newest iPad—and reset the goal line for tablet competitors once again.

Apple put all the rumors to rest today when they announced the addition of their newest mobile device: iPad3.

iPad3 offers a higher resolution Retina Display similar to the iPhone 4 and 4S. The Retina Display has a resolution of 2,044 by 1,536 pixels (or 3.1 million pixels).

iPad3 also boasts an updated A5X processor, which Apple says is four times as fast as the nearest competition.

iPad3 will feature a 4G connection, and is the first Apple device to tap into the super-fast 4G LTE network. A 4G connected iPad can double as a mobile hotspot.

Like the iPhone 4S, the iPad3 features a backside 5-megapixel camera that allows for 1080p video recording and image stabilization.

Apple said the battery life will remain the same—roughly 10 hours—although it could drop down when using 4G.

The new iPad’s pricing scheme is similar to the iPad2. Starting at $499 for the WiFi-only 16GB version and $629 for the 4G 16GB version. Apple has not announced its release date. However, you can pre-order the iPad3 through the Apple website.