to be announced on March 7

With iPad 3 rumors swirling and purported component pictures continuing to slowly leak out, many are guessing that the launch of Apple"s newest tablet is imminent, and new information suggests that the date will be March 7.

Citing a "reliable source," Apple blog iMore on Monday claimed that the much anticipated iPad 3 announcement will take place on Wednesday, March 7, which jibes with a previous report from All Things D that said an iPad event was being scheduled for the first week in March.

Lending further credence to the new claim is Apple"s tradition of holding events such as major product launches on Wednesdays and a recent report that big-box retailer Meijer is offering a deep discount on the iPad 2 "while supplies last."

Anecdotal evidence that Apple resellers run low on stock of a certain product can sometimes offer a hint that a replacement or next generation device is soon to arrive.

The new iPad is rumored to carry a high-res Retina Display, possibly manufactured by Sharp, as well as a redesigned case that could allow for a larger battery than current models. It was reported that in order to implement the high pixel density screen, a unique dual LED backlighting arrangement would be needed, and the larger battery could be in response to the extra energy requirements.