Rumor: Apple Upgrading iPad, 7-inch Model Coming in ‘11

Apple is upgrading its 9.7-inch iPad with a faster ARM processor and is releasing a smaller 7-inch iPad in 2011, according to rumors. Digitimes reports that Apple is set to launch "an upgraded 9.7-inch iPad adopting a new ARM Cortex-A9-based processor and 512MB RAM in the first quarter of 2011." Apple is also prepping "a 7-inch iPad using the Cortex-A9 processor and an IPS panel with a resolution of 1024×768."