Report: iPad 3 and iPad Mini Coming Soon

Sources believe that Apple (NASDAQ:AAPL) may release its iPad mini and iPad 3 next year, providing the company with its next stock price catalyst. iPad 3 panels are reportedly being shipped by the millions, but other conflicting information says that while the iPad mini may be released early next year, the iPad 3 won’t hit the market until 2012.

Trefis reports that regardless of specifics or timing, Apple will continue to dominate the tablet market for the foreseeable future. Amazon (NASDAQ:AMZN) is Apple’s chief competition with Kindle Fire, but Amazon has made their product so affordable, that it falls into an entirely different market. The Fire is also smaller than the iPad with just a 7” display. Apple may be looking to go head to head in this smaller, lower price range segment with the iPad mini.

The iPad 3 is expected to wow tech lovers by including the voice recognition program, Siri, which has been wildly popular with iPhone 4S users. The new edition iPad is also expected to have high definition screen.

Here’s how tablet stocks closed the week:

Apple Inc. (NASDAQ:AAPL): AAPL shares recently traded at $363.57, down $3.42, or 0.93%. They have traded in a 52-week range of $310.50 to $426.70. Volume today was 9,098,543 shares versus a 3-month average volume of 19,499,200 shares. The company’s trailing P/E is 13.13, while trailing earnings are $27.68 per share. Get the most recent company news and stock data here >>

Amazon.com Inc. (NASDAQ:AMZN): AMZN shares recently traded at $182.40, down $6.59, or 3.49%. They have traded in a 52-week range of $160.59 to $246.71. Volume today was 4,971,977 shares versus a 3-month average volume of 6,891,880 shares. The company’s trailing P/E is 96.15, while trailing earnings are $1.90 per share. Get the most recent company news and stock data here >>

Google Inc. (NASDAQ:GOOG): GOOG shares recently traded at $563.00, down $7.11, or 1.25%. They have traded in a 52-week range of $473.02 to $642.96. Volume today was 1,562,341 shares versus a 3-month average volume of 3,120,350 shares. The company’s trailing P/E is 19.19, while trailing earnings are $29.34 per share. Get the most recent company news and stock data here >>

Research In Motion Limited (NASDAQ:RIMM): RIMM shares recently traded at $16.00, down $0.2, or 1.23%. They have traded in a 52-week range of $15.98 to $70.54. Volume today was 6,020,354 shares versus a 3-month average volume of 23,201,900 shares. The company’s trailing P/E is 2.92, while trailing earnings are $5.48 per share. Get the most recent company news and stock data here >>

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