Apple's iPad 3 will come in the fourth quarter of this year and will have a better display quality, Taiwanese newspaper Economic Daily reported.

The new iPad's resolution will be five or six times higher than that of the iPad 2, according to the report in which few other details about the much talked about device were told.

This report came from Quanta Computer in Taiwan, the world’s top PC contract maker which manufactures for Apple.

The iPad 3 rumor mill is already grinding away ahead of this report. Previous reports forecast the iPad 3 would be released as early as this September.

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