The third generation of the iPad was announced by Apple on Wednesday in San Francisco. It is not called the iPad 3 or the iPad HD. Keeping it simple, the product was simply called the new iPad.

Apple's newest product contains some of the latest in tablet technology. At the announcement, Apple CEO Tim Cook revealed that the iPad will feature a 2048 x 1536 pixel resolution display, with 3.1 million total pixels on the screen, as reported earlier. The iPad will also contain a new quad-core Apple A5X graphics processor and three different internal storage and memory options.

We think that iPad is the poster child of the post-PC world. The momentum behind iPad has been incredible, and it surprised virtually everyone, Cook said, as previously reported. Now when we set out to create the iPad, we set out to create not just a new product, but a new category and we said that in order to do that, the iPad had to be the best device for doing the kinds of things you do the most often, things like browsing the web or checking e-mail.

The new iPad will have a front-facing iSight camera that a 5-elements lends, Hybrid IR filter and a 5-megapixel backside sensor, said IBTimes reporter Michael Nunez. The camera will also be equipped with a 1080p video recorder.

The iPad will also support 4G LTE.

Now if you remember, when 3G phones started showing up, they had different bands. Now the same thing is happening with LTE, said Philip Schiller, the senior vice president of worldwide marketing at Apple at the announcement. So for example in the US, we'll have two versions of the iPad, one for Verizon and one for AT&T.

Check out the first images of the new iPad from the announcement.

Apple CEO Cook speaks during an Apple event as an image of the old iPad is projected on the screen behind him in San Francisco
Apple CEO Tim Cook speaks during an Apple event as an image of the old iPad is projected on the screen behind him in San Francisco, California March 7, 2012. REUTERS
Apples senior VP of Worldwide Marketing Schiller talks about telecom partners for the 4G LTE service on the new iPad during an Apple event in San Francisco
Apple's senior Vice President of Worldwide Marketing Phil Schiller talks about telecom partners for the 4G LTE service on the new iPad during an Apple event in San Francisco, California March 7, 2012. Reuters
Apples senior VP of Worldwide Marketing Schiller talks about the built in camera on the new iPad during an Apple event in San Francisco
Apple's senior vice president of Worldwide Marketing Phil Schiller talks about the built in camera on the new iPad during an Apple event in San Francisco, California March 7, 2012. Reuters
Phil Schiller, senior VP of Worldwide Marketing, speaks about the new iPad during an Apple event in San Francisco
Apple's Phil Schiller senior vice president of Worldwide Marketing speaks about the new iPad during an Apple event in San Francisco, California March 7, 2012. Reuters
Apples Schiller senior vice president of Worldwide Marketing speaks about the new iPad during an Apple event in San Francisco
Apple's Schiller senior vice president of Worldwide Marketing speaks about the new iPad during an Apple event in San Francisco Reuters
Apple CEO Cook speaks during an Apple event as he introduces the new iPad in San Francisco
Apple CEO Tim Cook speaks during an Apple event as he introduces the new iPad as an image the device is projected on screen in San Francisco, California March 7, 2012. Reuters
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