Digital Trends – The second-generation iPad hasnât yet been announced. But already, rumored details of an âiPad 3â³ have begun circulating. The speculation continues today, with Apple Insider reporting that the iPad 3 will be smaller than the current 9.7-inch iPad â and could even be considered a âlarger iPod touch.â The new device, says a âconnected industry expert,â will also sport a high-resolution âRetinaâ display, similar to the screen of the iPhone 4.