Talk is heating up about Apple's plan for a second generation iPad. Although the rumor mill hasn't been nearly as generous with suggestions, tips, and insider accounts as it typically is for iPhone, iPod, and even Mac updates, Barron's - a credible, mainstream publication - is reporting that the next generation iPad will likely launch in the first quarter of 2011.
Investment firm Detwiler Fenton & Co. issued a note to investors this week that was intercepted and published by Barron's. Sources in the know report that the refreshed iPad will come with a forward-facing camera (presumably to accommodate the FaceTime video chat functionality) as well as a rear camera (a 5 MP camera and a VGA camera).
Detweiler says their early read is that Apple will build 2.5 million units of the next iPad in calendar Q1, providing an incremental 5 million units of demand from Apple for OVTI, which also supplies sensors for the iPhone.