Just Bought An iPad? HAHA! Wanting to buy an iPad? Wait!

Transcript by http://www.newsy.com

BY ALYSSA CARTEE

You're watching multisource tech news analysis from Newsy.

All of your techie dreams are about to come true. The Wall Street Journal is reporting the iPad 2 is in production. The new highly rumored version of Apple's $5 million product will have a few improvements.

"The new iPad will be thinner and lighter than the first model ... have at least one camera on the front of the device for features like video conferencing, but the resolution of the display will be similar to the first iPad..."

Characteristically, Apple is keeping its mouth shut. The Wall Street Journal named its sources for the story as "people familiar with the matter." However, the tech world still takes the report seriously. The Telegraph says the Journal has street cred.

"The Wall Street Journal ... has a history of [being] well informed where Apple's products are concerned ..."

So if it's being made, when can you get your hands on one? Well, Apple hasn't said. But, as CNN reports, history suggests fairly soon.

"A quick glance at the history of the iPhone, which launches a new model every year, suggests that we should expect to see the iPad 2 right around the first anniversary of its predecessor's launch: April 3, 2011."

This news comes at a convenient time for Apple.

Motorola began its push for the Xoom tablet, taking on Apple with an unusual Super Bowl commercial. ZDNet thinks the production news couldn't have come at a better time.

"Add it up and the Apple iPad production news is perfectly timed. Just as you're about to ponder a rival tablet, there's a reason to hold out a few weeks-- the iPad 2."

Speaking of rivals - Apple is feeling the pressure.

MSNBC: "The iPad is 17% of Apple's revenues. The iPad really, really matters for Apple."

HLN: "But also because there is competition coming from the likes of Motorola, Dell, Samsung."

KPIX: "HP is also looking at coming out with its own tablet device. Probably based on Palm's web operating system after HP bought palm last year."

So when will Apple spill the juicy secrets about the iPad 2?