Apple's iPad 3 to be released on March 7

Apple fans, iMark this date on your calendars: March 7 is being reported to be the day Apple will officially offer fans a first look at its third-generation iPad.

The iMore blog – self-claimed #1 iPhone, iPad, and iPod touch blog – confirms that Apple currently plans to hold their iPad 3 announcement on Wednesday, March 7, 2012.

“According to sources who have been reliable in the past, Apple currently plans to hold their iPad 3 announcement on Wednesday, March 7, 2012,” reads a blog post.

“Along with the 2048×1536 Retina display, the iPad 3 will feature a quad-core Apple A6 system-on-a-chip, and possibly 4G LTE networking,” it adds.

Interestingly, March 7 happens to be a Wednesday – and Apple chose Wednesdays for the past two iPad reveals. If that pattern continues and the “early March” rumor has any grain of truth, then that’s the D-day.

If you want to know the truth behind these ‘rumours’, just look at the Apple share price. It has topped $500 a share for the first time in its history, and has in fact gained about $100 since the beginning of this year.

Oh, and by the way, may be you’d like to calculate your notional gains had you bought the share at $7 – yeah, that’s right – in 2002.

The company has almost $100bn in cash and the market capitalisation of the world’s largest public company is more than $468bn.

Apple's shares closed at $509.46, a rise of 1.36 per cent for the day yesterday.

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