Apple fans will soon have the opportunity to plunk down cash on the company's newest iPad.

According to a report from Bloomberg, the iPad 3 will go on sale this March and include a high-definition screen, a more powerful processor, and the ability to talk to faster wireless networks.

The screen will be a greater resolution than the iPad 2 and communicate with a wireless standard called long-term evolution, or LTE, that will soon be available from Verizon and AT&T.

Apple has declined to comment on the report.

[Source: Bloomberg]