retailers are beginning to cut prices for the Apple iPad 2. Best Buy has recently sliced $50 off the price of its iPad 2 inventory. Chinese blog Sina Weibo says that the front of the Apple iPad 3 resembles the current model, something that has been said of the new iPad for months. The big difference seems to be in the length of a ribbon cable which runs up the side of the tablet's display and is longer in the upcoming version.
A higher price for the Apple iPad 3 could be due to the hike in the resolution of the tablet's display to 2048 x 1536, the faster processor whether it is the A5X or the A6, and an upgraded camera. The Apple iPad 3 could extend Apple's lead in the tablet market where analysts see no competition for Apple's device. Even the low priced Amazon Kindle Fire, which supposedly was a challenger to Apple during the holidays, was more of a threat to e-reader sales than the Apple iPad 2, according to Canaccord Genuity analyst T. Michael Walkley. The Apple iPad 3 is expectred to be introduced on March 7th with a possible launch in the middle of the month.
source: weibo (translated) via eWeek, MacRumors
Unverified price chart showing difference between Apple iPad 2 and Apple iPad 3 for both Wi-Fi only and 3G models