Able to run on fast 4G data networks, iPad 3 is rumored to be launched on March 7th. Rumor of Third generation model forced giant retailers to drop the price of iPad 2 with wish to clear their inventory.

The first to take the plunge appears to be the 16GB WiFi model which was dropped by 70 dollars In addition to this base model dropped to 429 dollars, the online retailer has also reduced the price of iPad 2 with reduction of Smart Cover accessory to thirty five dollar. This 70 dollar price cut for iPad 2 is to be believed the biggest discount on Apple products until date.

For reference first iPad was introduced on January 27th, 2010 and right after its release Apple sold 3 million of them in only 80 days. Apple sold 14.8 million iPads worldwide recording 75 percentages of tablet sales at the end of year 2010. After release of iPad 2 in March 2011, more than 15 million iPads had been sold. At this point, this rumor left everybody guessing how next-generation tablet will look like and what features it will have.