iPad 3 Release Date 2011 Rumors: Analyst Tells Apple-Lovers Not to Hold Their Breath

By CP News Briefs, Monday, September 19, 2011

To those waiting for Apple’s iPad3, it will be unlikely that it will be released this year, according to a report on AllThingsDigital.

According to the report, a J.P. Morgan analyst wrote a research note to clients saying, "In recent months, there has been rising investor speculation that a new iPad 3 would be launched for the holiday season.”

However, he added: “Our latest research continues to indicate that there is no such device slated for production this year. … There are prototypes in the supply chain related to the next-generation device, but our conversations with industry participants suggest that a new device will not be available until sometime in calendar 2012."

Since its launch in March this year, the iPad 2 has been taking the lead in the tablet market. So far, there has been no true rival to challenge the iPad.

Market research firm International Data Corporation reports that the device holds 68.3 percent share of the entire table market.

Moskowitz continues: "We do not think Apple needs to be in a rush to unveil a new iPad. The other tablet entrants have stumbled so far, and that trend-line could persist deep into 2012. Motorola Mobility and Research In Motion have been recent disappointments, and we expect more stumbles from others."