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Credit: Reuters/Aly Song By Poornima Gupta SAN FRANCISCO | Tue Feb 28, 2012 7:46pm EST SAN FRANCISCO (Reuters) - Apple Inc is hosting a media event next Wednesday, where it is expected to unveil a faster, better-equipped version of its popular iPad tablet to thwart increasing competition from deep-pocketed rivals such as Amazon.com Inc. The invitation-only event will be held at 1 p.m. EST (1800 GMT) on March 7 at the Yerba Buena Center for the Arts in San Francisco, where the company also introduced the last two generations of iPads. Apple, which sent the invitation to reporters by email on Tuesday, did not divulge details of the event beyond saying: "We have something you really have to see. And touch." The invitation featured a partial picture of the touchscreen of a device resembling an iPad. Apple launches are some of the hottest events on the tech calendar, scrutinized by fans, investors, the media and industry insiders alike. The iPad has dominated the nascent tablet computer market, but Amazon's Kindle Fire, which sells at half the cost, has chipped away at the lower end of the market. The third iteration of a device that has helped put pressure on demand for traditional laptops and computers is expected to boast a faster, quad-core processor and a higher-definition screen. Some analysts and industry experts expect 4G wireless capability, ensuring that the iPad remains current as cutting-edge broadband technology from Verizon Wireless and other carriers gains momentum. Verizon Wireless is a venture of Verizon Communications Inc and Vodafone Group Plc. "The picture is zoomed in on an icon and I don't see any pixels in that icon," Avi Greengart, analyst at Current Analysis, said, underscoring how industry experts pick apart even Apple's communiques for hints of what to expect. "You don't need exceptional foresight to guess that Apple is likely looking at a higher resolution display." TAKING ON PCS The company's market value has climbed steadily in past weeks, buoyed by anticipation over its latest gadget as well as by hopes that Apple will finally accede to shareholders' demands it return some of its $98 billion war chest of cash and securities. On Tuesday, Apple shares closed at a record high of $535.41 in heavy trading on the Nasdaq, up 1.8 percent on the day. Apple iPad tablet sales doubled in the December quarter to 15.43 million units. The company has sold about 55 million iPads since it introduced the device in 2010. It may be looking to "make further inroads into the general computing market" with the newest iPad, Greengart said. Chief Executive Tim Cook has often said that he expects tablets to outsell personal computers eventually. Cook, who took the company's helm after visionary Steve Jobs died in October, will likely lead the event, with ample help from marketing chief Phil Schiller and other executives. With the iPad 2 starting at $499, investors will also be watching to see if Apple plans to discount it, creeping farther down the price chain and closer to the Fire, to broaden the iPad's appeal. (Reporting By Poornima Gupta; Editing by Gerald E. McCormick, Andre Grenon, Gary Hill) Tech Media iPad Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (3) gpop wrote: Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Advertise With Us Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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