In addition to the iPad 3, Apple is also expected to unveil an 8GB iPad 2, allowing the tablet PC series to cover different segments and to defend against Windows 8-based tablet PCs, the sources noted.
According to DigiTimes, The iPad 3 is expected to have a 9.7-inch Full HD QXGA panel with a resolution of 2048 by 1536 (264dpi) and its backlight module will adopt two LED light bars. If the latter pans out it would confirm Apple's patent application that we covered in November 2011.
DigiTimes also reports that Apple will crank up volume for their all new 7.85-inch iPad model sometime in Q3 2012. The model is to target Amazon's Kindle Fire with a price target in the $249-299 price range.