BGR reports that the tablet device will pack an A6 quad-core processor and embedded 4G LTE connectivity, citing a source said to be in possession of a prototype model.
The insider, who claims to have used a debugging tool called iBoot to extract the information, provided the website with a screenshots displaying the data. Their authenticity has not been confirmed, though this is not the first mention of an iPad powered by a quad-core chip.
Should the report prove accurate, the iPad 3 will be the fastest iOS device to date. The alleged leak made no reference to the dimensions of the tablet or its screen resolution, which have been the subject of intense speculation.
Apple is planning to unveil the iPad 3 at a media event in early March ahead of its release later that month, according to Japanese blog Macotakara (via MacRumours). The tech giant is also holding an "unusual" media event in the coming weeks, which is not expected to be product-focused.
Apple's close rival Samsung is also expected to release at least one new tablet to compete with the iPad 3, with an 11.6 inch Galaxy slate rumoured for a Mobile World Congress unveiling.