The 3rd generation iPad (a.k.a. iPad 3) has been announced and we’re sure you are itching to find out if it’s a worthy upgrade from an earlier device. Also given that the iPad 2 has just received a $100 price drop, you might want to consider it as a budget, but still very capable option.

In the table below we will be comparing the new iPad to the iPad 2. The key new feature in the 3rd generation iPad is the inclusion of a higher resolution display, a faster graphics unit necessary to push the extra 2.4 million pixels in the new display and a new 5MP iSight rear camera. You also get a few other nice features like Bluetooth 4.0 and 4G LTE connectivity options. Performance-wise the new iPad should be equivalent to the iPad 2.

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