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New iPad runs faster, crisper images, but don't call it iPad3

Apple unveiled a new iPad that's 4G-ready and boasts a quad-core graphics processor. It can be pre-ordered now and will hit stores on March 16.

By Poornima Gupta and Alexei OreskovicReuters / March 9, 2012

The third generation Apple iPad features a new "Dictation" key, featured during a roll out event on Wednesday in San Francisco.

AP Photo/Paul Sakuma

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San Francisco

Apple's latest iPad sports a crisper display and an array of technology advances that, while less than revolutionary, may prove enough for now to keep rivals like Amazon.com and Samsung Electronics Coat bay.

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While stopping short of vaulting ahead of Motorola and Samsung, the device -- which comes 4G-ready and boasts a quad-core graphics processor -- is capable enough to help safeguard its two-thirds market share.   
    "The screen is a notable feature for non-techie customers, as is the faster connectivity. That's something that mainstream consumers can identify with," said Morningstar analyst Michael Holt.   

   "There's pent-up demand because a new device was widely anticipated. I they've made enough incremental improvements to do well."   

RECOMMENDED: Four best features of the new iPad

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