Are you amazed with the features of Apple iPad 2? Are you planning to buy one for yourself? Hang on! If you are capable enough to hold your craving for the iPad for few more months, then you may be able to get a new iPad 3 in your hand/pocket. Yes! it’s absolutely true. If rumors are to be believed, then Apple is going to launch iPad 3 early next year.

DisplaySearch analyst, Richard Shim says that production for the upcoming iPad 3 QXGA Retina Display is in progress already. Sharp, Samsung, and LGD are the three prime suppliers that are sourced by Apple to produce the QXGA displays, Shim mentioned. He also added, “I would imagine there would be concerns about [adequate] supply given the resolution of the display but you’ve got three different suppliers at this point. They should have enough to launch the product.”

Rumor has it that, the upcoming iPad will boast a 10-inch screen with a 2048×1536 display resolution- double than that of iPad and iPad 2. Also, the display of iPad 3 is not an active-matrix organic light-emitting diode display; it uses in-plane switching technology similar to the latest Apple products. Definitely, display is the main attraction of the next-generation iPad. It is expected to be launched by 2012.

“It takes a couple of weeks for the production to go to the ODMs (the manufacturers). Then the manufacturer puts them in the housing. Then, that goes off to shipment. We could start seeing finished iPad 3 produced in December. And then being ready to be shipped in January. With volumes gearing up in February and March”, Richard said.

Also, it is believed that the iPad3 will have a state-of-the-art, quad-core ARM-based processor.