Yerba Buena Center on March 7: Apple set to unveil iPad3 in an invite-only event

Apple's iPad 3 unveiling is likely looming at its scheduled an invite-only event on March 7 at the Yerba Buena Center for the Arts in San Francisco, which has caused the rumor mill to kick into its highest gear.

Yerba Buena Center on March 7: Apple set to unveil iPad3 in an invite-only event

Yerba Buena Center is the same venue Apple used to uncover the earlier two models of iPad. Apple, has sent the invitation to reporters by e-mail on Tuesday, without disclosing the details of the event, but just said that “we have something you really have to see. And touch.” The invitation also featured a partial picture of a device resembling the iPad.

Although everyone is waiting for something vigorously dubbed as ‘iPad 3’ but it is also rumored that the new model of iPad could be unveiled with another name.

Apple iPad tablet sales doubled in the December quarter to 15.43 million units from a year earlier. The company has sold about 55 million iPads since it introduced the device in 2010.

Although the iPad has managed to dominate the consumer tablet market since its inception, but experts say it will face stiff competition in 2012. The first challenge is likely to come from Microsoft, which aims to give tough time to Apple with Windows 8 on tablets. Windows 8 features an interface optimized for touch input and due at the end of current year.

Amazon’s Kindle Fire, which sells at half the cost of an iPad, has chipped away at the lower end of the tablet market and still promises to repeat it in 2012.

In addition, Google and its own manufacturing partners show no signs of dwindling their joint pursuit to make Android a tablet player, despite the weak performance of many supposed “iPad killers” that hit the marketplace in 2011.

Samsung Galaxy Tabs helped Samsung to achieve 300 million units milestone

Thanks to Galaxy S and Galaxy S II; Samsung is enjoying great leaps in the market by the growing in terms of sales over the past few years. The latest milestone achieved by Samsung Electronics Co Ltd is “The Highest Number of Units Sold in any Financial Year”.

Samsung achieves a milestone selling more than 300 million units

Sumsung - the world's second largest handset maker by volume (counting smartphones and feature phones), trailing Nokia - said in a statement it had broken its sales record by the end of last month by selling more than 300 million units for the first time in the history of electronic giant.

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Kindle Fire: Amazon's Answer to Apple's iPad -- Must Watch Video

Amazon's answer to Apple's iPad has been revealed recently.

Kindle Fire: Amazon's Answer to Apple's iPad 

Amazon, US online retail giant, unveiled a tablet computer - the Amazon Kindle Fire - on Wednesday (Sept. 28) that costs $199, that's $300 less than the cheapest iPad from market-leader Apple.

The Kindle Fire has a 7-inch display, runs on Google's Android software. The Amazon Kindle Fire allows video and music streaming and Web browsing via Wi-Fi, though full range of apps is still not made public.

Jeff Bezos, CEO of Amazon, is eyeing the Fire will catch on where other rival tablets - Hewlett-Packard and Research in Motion - have fallen short.

The unveiling of the Fire comes a month before Barnes & Noble's planned rollout of the Nook Color 2. All of which means plenty of e-reader and tablet choices for consumers this upcoming holiday season.