Apple Announces iPad 2: A5 Dual Core, Dual Cameras, Thinner — On Sale March 11

Some rumors appeared to be true, Apple did announce an Second-Generation iPad — iPad 2. The iPad 2 features an Apple A5 dual-core processor, improved graphics, dual cameras (front and rear) and it’s 33% thinner and up to 15% lighter.

With more than 15 million iPads sold, iPad has defined an entirely new category of mobile devices, said Steve Jobs, Apple’s CEO. While others have been scrambling to copy the first generation iPad, we’re launching iPad 2, which moves the bar far ahead of the competition and will likely cause them to go back to the drawing boards yet again.

The iPad 2 will be capable of making FaceTime calls with other FaceTime-capable devices. The rear-facing camera can capture 720p HD video. Despite its slimmer design, the iPad 2 will have the same battery life as the first generation of 10 hours and 30 days of stand-by time.

The 3G models, will be compatible with GSM network such as AT&T and the other will be compatible with Verizon’s CDMA network. You will have to choose if you want Verizon or AT&T as the 3G model can only work with one or the other. The versions compatible with Verizon’s network will be sold in the U.S. only.

In addtion, Apple has designed new accessories for the iPad 2, including cases called Smart Covers and an HDMI adapter. The Smart Covers will attach magnetically to the iPad 2 and will automatically wake the device when opened and put it to sleep when closed.

The iPad 2 will be available starting March 11 in the U.S. and will come in two colors: white and black. Pricing and capacities have not changed from the first generation of the iPad with the Wi-Fi models coming in at $499 for 16GB, $599 for 32GB, and $699 for 64GB. The Wi-Fi + 3G models will cost $629 for 16GB, $729 for 32GB, and $829 for 64GB.

Also, iPad 2 will run iOS 4.3, which will be released for other iOS devices on March 11.