Apple to unveil new iPad in March

Apple Inc is expected to launch its new iPad on March 2, Reuters reported.

The company will host an event on March 2, where it is expected to take the wraps off the newest iPad model, an individual with knowledge of the situation said. Apple reportedly declined to comment.

Shares of Apple fell 3 percent after a Taiwanese brokerage firm said the next version of the iPad tablet computer will be delayed as maker Hon Hai faces production bottlenecks due to the device's new design.

The iPad was the hottest technology device of 2010, selling nearly 15 million units and sparking a slew of copycat devices from rivals.
More than 50 million tablets are expected to be sold this year, with Apple capturing the bulk of the demand.