New iPad to Debut Next Week

      March 02, 2012 10:23

      Apple is expected to release its new iPad 3 tablet PC next week. The company sent out an invitation to a private event at the Yerba Buena Center for the Arts in San Francisco next Wednesday (local time), Bloomberg said Wednesday.

      "We have something you really have to see. And touch," the invitation says. It is accompanied by the photo of the edge of an electronic gadget that looks like an iPad.

      The Yerba Buena Center was also where the iPad 2 was unveiled. It was also reported that Apple's Foxconn factory in China already shipped iPad 3s to the U.S.

      But Apple has not disclosed whether it will unveil the iPad 3 or anything else. The iPad 3 is likely to have the Siri voice recognition function and better screen resolution and battery efficiency than the iPad 2, industry insiders speculate. A basic iPad 3 model will likely cost US$550-600, 15 percent more than the iPad 2.

      Apple's stock price hit a record high of $535.41 on the NASDAQ on Tuesday buoyed by the news, up 1.84 percent, or $9.65, from the previous day. Its market capitalization exceeded $499 billion. Apple is thought to be the most valuable company in the world in terms of market capitalization, which is equivalent to 45 percent of Korea's GDP.

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