Apple's iPad3 going to hit the markets with retina display

Apple has introduced the new iPad, the third generation of its category defining mobile device, featuring a stunning new Retina™ display, Apple’s new A5X chip with quad-core graphics and a 5 megapixel iSight camera with advanced optics for capturing amazing photos and 1080p HD video.

The new iPad Wi-Fi models will be available in black or white on Friday, March 16 for a suggested retail price of $499 (US) for the 16GB model, $599 (US) for the 32GB model and $699 (US) for the 64GB model. iPad Wi-Fi + 4G for either AT&T or Verizon will be available for a suggested retail price of $629 (US) for the 16GB model, $729 (US) for the 32GB model and $829 (US) for the 64GB model.

The Retina display on the new, third-generation iPad makes everything look crisper and more lifelike. Text is razor sharp. Colors are more vibrant. Photos and videos are rich with detail. All thanks to 3.1 million pixels powered by the new A5X chip. It’s the best mobile display ever.

The new iPad features a 5-megapixel iSight camera with advanced optics, a backside illumination sensor, auto white balance, and face detection for incredible still images. And you can record 1080p HD video, too. So every moment you capture looks as great as you remember.

Apple is coming up with a new iPad will it hit markets soon?

 The upgrades from the iPad 2 to the new model are more modest than in the past — including the sharper resolution that Apple calls "Resolutionary," faster processing power and the camera's ability to shoot video in full 1080p high-definition. Is that enough to get consumers to ditch their iPad 2 and first-generation iPad for the new one? The answer is mixed.

"I'm an iPad 1 user," said Ted Brockwood of San Francisco. "So I'm all over the new display. I'm going to trade in the old one as fast as possible."

Mario Kroll, also of San Francisco, thinks the better graphics will be great for video games. "Now you can take your big HD TV with you." But as an iPad 2 user, he's not sure whether the better graphics will be enough of a sell to make him ditch the old one. Dylan Novicky, an aerial theatrical stagehand, wasn't impressed. The new features, to him, were "not that spectacular." What would it take for him to want to buy it? "Give me free wireless," he said, "and I'd be the first in line."

The entry price for the new iPad remains the same as the previous model, $499 for a Wi-Fi only version with 16 gigabytes of storage. IPads that can run at 4G speeds start at $629.

Monthly data plans for the iPad start at $14.99 for a 250 MB plan at AT&T Wireless and $20 for a 1 GB plan at Verizon Wireless.

Katie Small, who works at the Macy's here, says she is "tempted" by the new features, but not sold. She's interested in the better graphics and the introduction of the iPhoto image editing app, "but I don't know if that's enough to make me want to buy the new one."

Eugene Steptoe, who works on the fabled San Francisco cable cars, says he has no choice but to buy the new iPad. His wife will want the new one, and they'll have to stand on line next week to get it. "She always wants the latest," he says.

And Mick Steier, a 15-year-old tourist from Omaha, says he was sold on the iPad 2, and he's even more jazzed to get the new iPad. "It's cool," he says.

Meanwhile the iPad 2 could get a boost. Apple cut the price $100 to $399. While that's still much higher than Amazon's tablet competitor, the $199 Kindle Fire, the smaller price gap could hurt Fire, says Piper Jaffray analyst Gene Munster. "Their strongest sales point was price."