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Citing information from three Chinese sources close to the matter, Bloomberg on Friday said that the iPad 3 entered mass production earlier in January, and Apple's Chinese manufacturing partners are working around the clock to get the highly-anticipated product out by March.
One of the sources claims that manufacture is quickly ramping up and should reach full volumes by February. Factories are expected to take a break during China's Lunar New Year, and will hit peak capacity shortly following the holiday.
Sources also corroborated previous rumors that the iPad 3 will feature a new quad-core processor, LTE functionality and a high-resolution Retina Display that has more pixels than some high-definition TVs.
LTE compatibility has been rumored since a line of code was found in GSM iPhone 4 and iPad 2 builds of iOS 5, and there have been ongoing rumblings of a Retina Display being developed akin to the one found on the iPhone 4.
The company refused to comment on availability, but rumors of a March release have remained stable and pictures of alleged parts for the tablet continue to crop up.