Apple iPad 3 Release Date: Line Spots Up For Auction, Don't Wait

Those who pre-ordered the third generation iPad in time will get it delivered to their door steps on Friday, but for everyone else there will be a wait in the infamous Apple Store lines that started to form five days ago.

For those who don't want to wake up at the crack of dawn to secure a spot in the line, there are options to bid for a place on eBay or Craigslist.

There is an open number four line spot outside the Apple Store on Regent Street, London, which is currently being auctioned at £76.00. The posting already has 13 bidders so the price will undoubtedly increase in the next few hours.

Postings for line spots in New York have also gone on sale on Craigslist. A 21-year-old female student, who is hoping to fund a ticket to Peru in search for her birth family, claims to be in the number three line spot outside the Apple flagship store on Fifth Avenue.

Some of the spots don't come cheap. Another male in San Francisco has put a line slot on the market for $300 (Almost as much as the tablet.) It sounds ridiculous, but it's amazing what measures people are willing to go to in pursuit of being one of the first to unbox the tablet.

The new iPad will be in stores around the world at 8 a.m. local time on Friday .People have already starting lining up in front of London and New York stores, after the initial pre-orders for the tablet have sold out online. Lines are expected to be longer than usual because of the online sell out.

Demand for the new tablet is off the charts, according to Apple, and shipments for current pre-orders will start shipping from March 19, three days after the tablets retail launch.

The iPad will initially be available in stores in the United States, United Kingdom, Australia, Canada, France, Germany, Hong Kong, Japan, Singapore, Switzerland, Puerto Rico, and the U.S. Virgin Islands.

In the U.S the iPad will also be on sale at Best Buy, Radio Shack, Sam's Club, Target, and Walmart.

Apple's new iPad has been heralded for its 2048 x 1536, 3.1 million pixel display, the most ever in a mobile device.

Until you see it you can't understand how amazing it is, said Phil Schiller in his presentation at Apple's media event in San Francisco last Wednesday. For the first time, an iPad has a higher resolution than the display screen used for the iPad presentation.

With the new display, the iPad will seamlessly display crystal clear photos and movies. With the iCloud upgrade, iPad users will be able to re-download purchased movies that now support 1080p HD.

Other features of the new iPad include:

Processor: A5X quad-core processor touted as twice as fast and four times better performance than Tegra 3 chip.

Camera: 5-megapixel backside illuminated sensor on the back, 5-element lens, IR filter, and ISP built into the A5X chip.

Video: 1080p video recording.

Voice Dictation: Supports U.S. English, British, Australian, French, German and Japanese.

4G LTE: New iPad now has 21Mbps HSPA+ and DC-HSDPA at 42Mbps, with LTE taking the cake at 73Mbps. Verizon, Rogers, Bell, Telus and AT&T will be the LTE partners.

Battery Life: 10 hours of battery life still! 9 hours on 4G

Size: 9.4mm thin, weighing 1.4lbs.

Price: $499 for 16GB! 32GB is $599 and 64GB for $699.

Release Date: In stores March 16.