Apple IPad 3 will have higher Screen resolution and LTE Access

Apple Inc. (AAPL)’s next iPad, expected to go on sale in March, will sport a high-definition screen, run a faster processor and work with next-generation wireless networks, according to three people familiar with the product.

UPDATE – March 7, 2012. Apple confirmed the new screen resolution and 4G versions of iPad 3. They also announced the new pricing and kept iPad 2 available but at a lower price of $399.

The company’s manufacturing partners in Asia started ramping up production of the iPad 3 this month and plan to reach full volumes by February. The tablet will use a quad-core chip.

The iPad 3 is expected to feature a slightly thicker case, twice the battery life of the current iPad 2 model, and a 1,536 x 2,048-pixel HD display.

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