Rumors have been aired about Apple's third-generation iPad. It has been informed that the Apple’s iPad 3 won’t be powered by the quad-core model. In fact, the dual-core chip would be used to power the gadget.

Moreover, it would also have a powerful Graphics processing unit (GPU), which means that the graphics of the iPad 3 would be of high quality. Apple’s iPad 3 has been in news since Wednesday, when its features and tools were highlighted by the manufacturer.

On Wednesday, it was informed that the iPad 3 has a large battery, unique camera and a brand new LCD display. Although rumors have been aired about iPad3 of not having quad-core model, Bloomberg has claimed that the coming iPad would be powered by quad-core.

As per the information provided by the Korean newspaper, Samsung is planning to try its hands in the production of quad-core A6 processor. It is hoped that the iPad 3 would be released in the coming couple of months.

A technology focused news publication, the Verge, in its publications noted, “…the A6 will not be a quad-core chip, but will remain dual-core. We’ve previously heard that the device would have a quad-core CPU as well as an LTE cell radio on-board, but at least part of that story wasn’t accurate”.

The fans of Apple are eagerly waiting for the launch of iPad 3. Apple’s products are reliable and have been successful in catching the attention of the customers. It is hoped that with the launch of iPad3, Apple would be able to maximize it profit and would also win dominance over the tablet market.

However, in the coming time, stiff competition would be witnessed among the manufactures of gadgets as Samsung is also planning to launch its new tablet.