1. Gadgets

    Apple Developing New iPad

    FILE - In this file photo made May 28, 2010, customers are silhouetted at the launch of the new iPad tablet computer at an Apple store in central in Rome, Italy. Wal-Mart Stores Inc. said Tuesday, Oct. 12, 2010, it will start selling Apple Inc.'s iPad tablet computer in some stores by Friday and in a majority of locations by the height of the holiday shopping season.  (AP Photo/Angelo Carconi, File)

    Angelo Carconi / AP Photo

    Apple has a new iPad on the way, according to the company’s component suppliers. Apple has already placed orders for parts for about 1.5 million iPad 3s in preparation for the device’s launch in early 2012. The new tablet will feature a high-resolution screen—2048 by 1536 pixels compared with the iPad 2’s 1024 by 768. Apple’s net profit more than doubled last quarter, thanks in part to sales of the iPad 2. But the new version will enter a more crowded market, with Samsung, Motorola, and Toshiba having since launched similar devices.

    Read it at The Wall Street Journal