iPad 3 Releasing March 16

By Darryl Kaye on March 8, 2012, 9:40AM EST

Apple officially unveiled the iPad 3 last night in San Francisco during a media event, detailing a host of improvements including 4G and a quad-core processor.

The new tablet will go on sale on the 16th of March in a host of different countries, including the United States and the UK. However, it will come at a rather hefty price. The basic model will retail for $99, with the most expensive version costing $829.

The iPad 3 will feature an A5X quad-core processor. It will also have a 2048 x 1536 resolution screen, which is 264ppi. This qualifies it as a retina display, according to Apple's CEO Tim Cook.

To show the device's growing influence on the gaming industry, Epic Games and Namco Bandai were part of the presentation. Epic Games' president Mike Capps took to the stage to unveil a new Infinity Blade title called Infinity Blade: Dungeons.

There will also be a 5-megapixel camera on the rear of the device and it will be able to record video in 1080p. There will also be a wider selection of apps dedicated to video, picture and music editing.

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