Apple preps iPad 2 for early 2011
The 7-inch touch-screen tablet with a front-facing camera is targeted to arrive in March.
By Scott Moritz, TheStreet
Apple's plans call for an iPad 2, which will be a 7-inch touch-screen tablet with a front-facing VGA camera and a 1-megapixel rear camera targeted for arrival in March, says Rodman Renshaw analyst Ashok Kumar, who has talked to Apple's supply and manufacturing partners.
The details of the iPad 2 help confirm recent rumors that Apple is shrinking the popular iPad to defend its position against a wave of smaller new tablets like the Dell (DELL) Streak (a 5-inch device) and the Samsung Galaxy Tab (7 inches). But contrary to earlier reports of a new iPad in time for the holidays, the new information puts the arrival closer to spring.
The iPad 2 is being made by Pegatron, the Taiwan contract manufacturer that is also assembling Apple's CDMA iPhone, which is expected to appear at Verizon (VZ) early next year, Kumar says.
Apple's decision to introduce a smaller, presumably cheaper follow-up to the original iPad is a bit puzzling. Clearly, it signals the possibility that Apple sees a threat to its tablet franchise at the lower price levels. But Apple may also want to shrink the device so it doesn't cannibalize its notebook sales. Post continues after video:
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The solid report comes a month after the retailer closed all of its Canadian operations.
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