Apple Inc. has started manufacturing a new version of its iPad tablet computer with a built-in camera and faster processor, the Wall Street Journal is reporting.
Citing people familiar with the situation, the WSJ writes that the new iPad will be thinner and lighter than the first model. It will have at least one camera on the front of the device for features like video-conferencing, more memory and a more powerful graphics processor, the WSJ reports.
The new iPad will initially be available through Verizon Wireless and AT&T Inc., but not Sprint Nextel Corp. or T-Mobile in the U.S., the WSJ says.
The iPad, which debuted last April, has opened a new market and is critical to Apple’s success, the WSJ writes. Since the iPad’s release, Apple has sold 14.8 million units of the device. In Apple’s December quarter, the tablet contributed $4.6 billion in sales, or 17% of the company’s overall revenue, the WSJ reports.
Piper Jaffray & Co. estimates Apple will sell 27 million iPads in 2011, the WSJ writes. Some investors expect as many as 35 million units in sales, the WSJ says.
- Henry Unger, The Biz Beat
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