Apple has reportedly set March as the target for the release of an LTE-equipped quad-core iPad model.

Bloomberg cited industry sources in reporting that Apple was preparing to unveil the next version of its top-selling tablet in the coming months. The report suggests that production of the iPad 3 is set to increase in February in preparation for the March release.

The report described a significantly upgraded iPad model, which will sport a high-definition screen as well as wireless broadband and quad-core processor. Apple has opted to use its own ARM-based processors for recent iPhone and iPad models.

The reported time frame coincides with previous iPhone releases, including last year's 11 March US release for the iPad 2.

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