Like clockwork, almost a year after the iPad 2 hit the market from Apple the company is set to release the third version of the popular tablet in March. The iPad 3 is set to have a high definition screen, a faster processor and compatibility with the next generation of wireless networks according to Bloomberg. However since all of the new features aren’t necessarily groundbreaking, it shouldn’t spark as much drive and demand as its predecessor did.

But it’s an Apple product and the items essentially sell themselves these days. Since it’s introduction in 2010, the iPad has become Apple’s second biggest revenue stream after the iPhone and has generated over $25 billion in sales.

[via Bloomberg]