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It isn't about predicting product cycles
As seen in the Buyer's Guide, these can vary widely at times from product to product

It is about marketing strategy

My feeling is, all the speculation about a fall release for a 3rd generation iPad is more wishful thinking by those who are underwhelmed by the rumors of the 2nd generation's updates and feature set, and hopeful for yet another upgrade sooner rather than later

Kind of like how Verizon users kept on coming up with random dates for a Verizon iPhone? Their wishful thinking took 'em long enough but at least they finally got it.
 
Who cares if iPad 3 gets released this year...

Your iPad 1 and iPad 2 will not change. Every technology gets outdated sooner or later. So, it will just get outdated a little bit sooner.

I can totally see apple might add more storage or update few things and release iPad 2.

Apple will change their prices and specs from time to times before the update.
 
If Apple comes out with an iPad HD the big question is if they could make any money off it. I see lots of people saying they won't buy an iPad unless it has a retina display. I don't care myself as long as it has the dual core processor and GPU discussed previously.
I have to wonder if those people who say they want a retina display are willing to pay for it. If there were a retina display iPad would you pay what it would cost? Even with 6 months lead time to develop and crank out these displays for the Fall, I would expect about a $200 premium above the iPad2.
Would these people pay that?? I'm thinking not at least not in numbers to make it profitable.
I'd actually pay a $200 premium. Even though I think the actual component cost for such a display would be much lower.
If people pay what it would cost it would most likely be profitable.
 
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