March 7 invitation from Apple confirms iPad 3 launching?

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Get rid of your iPad 2 because rumor has it that the latest iPad is going to be unveiled next week.

According to Reuters, Apple Inc. is hosting an event next Wednesday where it is expected that Apple will finally publicize their much anticipated device to protect their tablet market amidst growing pressure from the Kindle Fire and other tabs.

The media event will be held at the Yerba Buena Center for the Arts in San Fransisco where the company also revealed their previous iPads.

The invitation only event features an invite that has a partial picture of the touchscreen of a device that is similar to the iPad.

The company’s launches is one of the most anticipated and celebrated events of the calendar.

This latest version of the iPad boasts of a faster quad-core processor and a high definition screen.

Analysts is also expecting 4G capability for this iPad as to prepare itself for the technologies that telecommunication networks would be having.

According to Avi Greengart, analyst at Current Analysis, “The picture is zoomed in on an icon and I don’t see any pixels in that icon. You don’t need exceptional foresight to guess that Apple is looking at a higher resolution display.”