Bloomberg reported that the iPad 3 entered production and is tracking a March launch. The report also claimed the new iPad will feature a higher-resolution display, Retina probably, and a quad-core processor. It will also connect to LTE networks.

The company’s manufacturing partners in Asia started ramping up production of the iPad 3 this month and plan to reach full volumes by February, said one of the people, who asked not to be named because the details aren’t public. The tablet will use a quad-core chip, an enhancement that lets users jump more quickly between applications, two of the people said.

 The iPad 3 was previously reported to sport a similar design to the iPad 2. We also previously discovered references to quad-core iOS devices in the latest iOS betas.