The Wall St. Journal reports on a research note by Asia-based CLSA which says that Apple is working on an LTE-iPad in time for the holiday shopping season.

“While most vendors appear fixated on matching the specs and features of iPad2, our checks suggest Apple will release iPad3 in time for the holiday season, sporting a better display and LTE capabilities.”

AT&T’s LTE rollout begins later this year, while Verizon’s is already giving users eye-popping download speeds around the country.

Yesterday, Samsung announced that its thinner, lighter Galaxy Tab 10.1 would be running on Verizon’s network in the coming weeks.

The report also states that iPhones won’t get LTE until next year.