Apple confirms March 7 iPad 3 event

Apple's invitation for its March 7 event. (Apple)

Apple sent out an invitation Tuesday for a special event next week, where the consumer electronics giant is widely expected to launch the third-generation iPad.

The event will be held at the Yerba Buena Center for the Arts in San Francisco at 10AM PST, on Wednesday, March 7th.

Apple's latest tablet iteration is expected to feature a slew of evolutionary upgrades, including a higher-resolution Retina display, a quadcore A6 processor, and 4G connectivity.

Tune to at FoxNews.com next Wednesday for all the details as we cover the launch live.