Apple to announce iPad HD?

It is expected that Apple will reveal the next generation of iPad at their press conference later today.

The new tablet has been referred to by many as iPad 3, though a source close to site Venture Beat has revealed that the new device will carry the suffix HD. The new hi-res tablet will have a 2,048 by 1,536 pixel display.

There were rumours that the new iPad would carry a quad-core processor, but these guesstimates have been revised, with speculation rife that the new tablet will be powered by a refined version of Apple's dual-core A5 processor.

In related news, the same site reckons that Apple has been buying up 7.1-inch screens to make smaller, cheaper iPads.