Apple to reveal latest iPad in March

HIGHLY ANTICIPATED: Shoppers looking at the iPad 2 at a store in Massachusetts in this Nov 24, 2011 photo. According to website AllThingsD, the latest version of the iPad is expected to come out in the first week of March. - Reuters

SAN FRANCISCO: Apple Inc plans to introduce the latest iPad at an event in the first week in March, the website AllThingsD reported, citing unnamed sources.

The event will be held here, likely at the Yerba Buena Centre for the Arts, which is Apple's preferred site for product launches, the website said.

An Apple spokesman declined to comment.

Apple has typically introduced the latest versions of its iPad in the first few months of the year. The current iPad 2 was introduced on March 2, last year. The original iPad was introduced at the end of January 2010.

Apple's iPad dominates the nascent market for Tablets even though deep-pocketed rivals are taking aim at the lucrative segment. Amazon.com Inc's Kindle Fire, which sells at half the cost of an iPad, has chipped away at the lower end of the Tablet market.

Apple iPad Tablet sales doubled in the December quarter to 15.43 million units from a year earlier. - Reuters