The tech giant Apple unveiled its latest iPad - named New iPad - on Wednesday. The new tablet will hit the U.S. market on March 16 with the same sticker price as its predecessor, iPad 2. The media has heralded the new Apple tablet as a stunning device, one that will help the tech giant consolidate its lead over its rivals.

Start the slideshow to check out what everybody is raving about the new tablet and why it's high time you should dump your iPad 2 and buy the new iPad.

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Apples senior VP of Worldwide Marketing Phil Schiller speaks on stage during an Apple event in San Francisco
pple's senior vice president of Worldwide Marketing Phil Schiller speaks on stage, while pricing for the new iPad is projected on the screen, during an Apple event in San Francisco, California March 7, 2012. Reuters
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