iPad 2 In Production and Upgraded

The Wall Street Journal reported on their website that they have talked to “people familiar with the matter,” and that the iPad 2 is in production and features many new upgraded amenities.

The Wall Street Journal said on Wednesday “The new iPad will be thinner and lighter than the first model. It will have at least one camera on the front of the device for features like video-conferencing, but the resolution of the display will be similar to the first iPad.” The next iPad will also have more memory and a faster graphics processor they added.

The WSJ also stated that the iPad, which was first released last April, has contributed to Apple’s great success. Since the iPad debut, Apple has sold 14.8 million of the device. In the recent December financial results, the tablet made up 17% of the company’s overall revenue as well as added $4.6 billion in sales.

Apple will sell 27 million in iPads in 2011, according to predications by the WSJ.

The iPad has many more competitors since their first release. Companies such as, Samsung Electronics Co., Motorola Mobility Holdings Inc., Dell, and Research in Motion Ltd. are in the works of creating their versions of the tablet with other features that the Apple product doesn’t have. Like support of wireless networks.

The WSJ also said that the new iPad isn’t all just good remarks. “The one feature in the new iPad that may disappoint consumers will be the lack of significant improvement in the resolution of the device’s display. People familiar with the situation said Apple has had trouble improving the display technology, in part because of the iPad screen’s larger size compared with the iPhone.”