After successful release of iPad 2 Apple has announced about the release of new iPad (iPad3) last week. There were lot of rumors and speculation about the new iPad and some rumors came true. The new iPad comes with spectacular features like “Retina display“, “5MP camera” and “4G LTE”. While the tablet market is growing more by the day, some people believes, Apple is the only tablet manufacturer worth considering. With that in mind, which is the better buy: Apple’s brand-new iPad, or the newly discounted iPad 2?

Watch the Apple’s 5min introduction video of the new iPad, published on last week, on right side and also checkout the main feature differences between new iPad and the iPad 2 below.

Main Differences between the new iPad and iPad 2

The iPadsiPad2 vs New iPad
ModelsWi-Fi, Wi-Fi + 4GWi-Fi, Wi-Fi + 3G
Processor FamilyApple A5X Dual-core with Quad-core graphics1GHz Apple A5 Dual-core
Display9.7 inch Retina display, LED-backlit glossy widescreen Multi-Touch display with IPS technology and 2048 X 1536 pixel resolution.9.7 inch LED-backlit glossy widescreen Multi-Touch display with IPS technology and 1024 X 768 pixel resolution.
Main CameraiSight camera with 5 Mega Pixel, autofocus; tap to focus; face detection in still images; video recording, HD (1080p) up to 30 frames per second with audio and video stabilization.Camera with Video recording HD (720p) up to 30 frames per second with audio; still camera with 5x digital zoom.
Weight and DimensionsHeight: 9.50 inches (Wi-Fi, Wi-Fi+4G).
Width: 7.31 inches (Wi-Fi, Wi-Fi+4G).
Depth: 0.37 inch (Wi-Fi, Wi-Fi+4G).
Weight: 1.44 pounds (Wi-Fi), 1.46 pounds (Wi-Fi+4G)
Height: 9.50 inches (Wi-Fi, Wi-Fi+3G).
Width: 7.31 inches (Wi-Fi, Wi-Fi+3G).
Depth: 0.34 inch (Wi-Fi, Wi-Fi+3G).
Weight: 1.33 pounds (Wi-Fi), 1.35 pounds (Wi-Fi+3G)
Wireless4G LTE, Wi-Fi and Bluetooth 4.0 technology.3G, Wi-Fi, Bluetooth 2.1 + EDR technology
Storage16GB, 32GB, 64GB16GB
Battery and PowerBuilt-in 42.5W rechargeable lithium-polymer batter with up to 10Hrs on Wi-Fi and 9Hrs on Wi-Fi+4G, battery life for surfing the web , watching video, or listening to music.Built-in 25W rechargeable lithium-polymer batter with 7Hrs(tested timed for Wi-Fi and 3G models ) battery life for surfing the web, watching video, or listening to music.
$499 – 16GB.
$599 – 32GB.
$699 – 64GB.
Wi-Fi + 4G

$629 – 16GB
$729 – 32GB
$829 – 64GB
$399 – 16GB
Wi-Fi + 3G
$529 – 16GB
Specs comparison courtesy:Apple.com

The new iPad also comes with the Siri and iOS 5. Siri, the voice activated personal assistant app is not fully functional on new iPad but you can speak to Siri while you typing on new iPad tablet and it will type whatever you say. You can read more differences between the new iPad and iPad 2 here.

The new iPad is being priced the same as the initial pricing for the iPad 2. The Wi-Fi only model costs $499, $599, or $699, for the 16GB, 32GB, or 64GB versions, respectively and for 4G, those prices rise to $629, $729, or $829. The 16GB iPad 2 now costs $399 for Wi-Fi only, or $529 for Wi-Fi + 3G.

So what is your choice; iPad 2 or the new iPad? The choice is entirely up to you.