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iPad3: Apple confirms the new device will go on sale in March (VIDEO)

The iPad3, Apple's newest tablet model, will go on sale in the US and six other countries next Friday.

Ipad3release 070312Enlarge
Journalists work on laptops as they watch a live feed of the US launch of the Apple iPad 3, at an event in central London on March 7, 2012. Following the huge success of the two previous models, the iPad 3 builds on the developments with a faster processor and much higher screen resolution. (Leon Neal/AFP/Getty Images)

LOS ANGELES — The iPad 3, Apple's newest tablet model, will go on sale in the US and six other countries next Friday, the Associated Press reported

Apple CEO Tim Cook introduced the company's biggest product launch since 2011's voice-enabled iPhone 4S in San Francisco on Wednesday. 

"Everyone's been wondering who will come out with a product that's more amazing that the iPad 2," Cook said. "Stop wondering: we are."

Apple's latest version of the iPad will operate on a high-speed 4G network, which it hopes will get more US consumers to pay extra for higher-quality HD video, Reuters reported. The changes are expected to give Verizon Wireless and AT&T a boost in revenue, analysts told Reuters.

More from GlobalPost: Apple likely to launch iPad 3 on March 7

Rumors about the latest iPad have been furiously swirling, with news outlets and tech sites such as Gizmodo rounding up their predictions for the new device.

"We are taking it to a whole new level and are redefining the category that Apple created with the original iPad," Cook said at the launch event. 

The new iPad 3's display will be sharper than the average high-definition television set, the company announced. It will also display more saturated colors than previous models, and is powered by a new chip with four processing cores for smoother graphics, the AP reported.

More from GlobalPost: RedPad Number 1, the pro-communist iPad, launches in China

The new iPad will be a bit heavier than its predecessor, weighing in at 1.4 pounds, up from 1.33 pounds. It is 9.4 millimeters thick, or 0.37 inches. That compares with 8.8 millimeters, or 0.34 inches, for the iPad 2, according to the AP. 

The new iPad remains at the same price point, but the 4G LTE models are priced at $629 for 16 GB, $729 for 32 GB, and $829 for 64 GB, according to Macgasm.

See below for a video on the new iPad announcement today:

Apple Unveils New iPad with Sharper Screen
Tech News by NewsLook

http://www.globalpost.com/dispatch/news/business-tech/120307/ipad3-released-apple