You can expect to see massive lineups at Apple Stores in March or April of 2012 for the predicted release of the iPad 3  according to DigiTimes .  This rumor popped up because according to sources, OEM contractors have started to receive parts and components for the new iPad 3.  They are receiving a limited amount of iPad 2 parts. Makes sense right?

DigiTime’s source stated, “OEM production of iPad 2 will remain hgh at 1415 million units in the fourth quarter of 2011 but decline to 45 million units in the frst quarter of 2012, paving the way for the launch of the new iPads.”

The first iPad became available in April, 2010 while the second launched in March, 2011 and Apple traditionally follows an annual product release cycle.  This is another tidbit of information that points to the iPad 3 becoming available in the spring of 2012.

Rumored iPad 3 Features

  • A “Retina” display with double the pixels of the first two iPads – that’s close to 2048 x 1536.  This super-resolution feature was supposed to come with the iPad 2 but failed to do so.  The larger display will provide the company’s app developers more convenience, and all future apps can run on all of Apple’s machines including the 27-inch iMac.
  • A faster A6 processor or some non-Samsung-made version that can compete with the brawny quad-core processor that appears in the Asus EE Pd Transformer Prime tablet (the first to do so)
  • The new iPad 3 is going to be thicker to support the “Retina” display which needs dual-LED bars. The dock will be redesigned to be smaller, which will help reduce the overall thickness.
  • A thinner, lighter, longer-lasting battery pack

According to the International Business Times the overall design of the iPad 3 is still unknown and the company hasn’t signed off on the final yet.  Two next-generation prototypes dubbed J1 and J2 have been developed with slightly different features.  Apple sold over 32 million iPads in their last fiscal year and are expect to exceed 40 million in the December quarter. What new feature are you most excited to test out? Will you be waiting in line for the iPad 3 like I did for the iPhone 4S? I’ll be pulling out my sleeping bag.