Apple In No Rush to Release iPad 3

J.P. Morgan analyst Mark Moskowitz says Apple fans will have to wait to get their hands on the iPad 3 because their is no rush for Apple to release the new device.

“In our view, Apple should be in no rush," he wrote. "The other tablet entrants have stumbled so far, and that trend-line could persist deep into 2012.”

Apple iPad 3 2012

Apple has a tight grip on the tablet market share, but Amazon may challenge their lead by releasing a rumored $250 slate in November. It looks like Apple trusts the iPad 2 to hold off Amazon until they get around to releasing the iPad 3 in 2012. Meanwhile, they're concentrating on increasing their mobile phone market share by introducing a low-end iPhone on more carriers. Moskowitz said investors should expect a "big bang" come October when Apple taps into the Chinese mobile phone market and expands its carriers in the U.S..

For now Apple seems confident that the iPad 2 is good enough to keep people interested. New and old Apple fans will just have to deal with the iPhone 5 for the holidays, and hope for an iPad 3 next year.

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