Technology giant, Apple has launched the third generation of its iPad tablet computer through its retail stores and other outlets.

The new iPad computer went on sale in the Sydney's George Street store at 8 am as around 200 people waited impatiently for the stores to open its doors. The tablet went on sale at Softbank Corp.'s Ginza store in Tokyo soon after.

Apple's Chief Executive Officer Tim Cook had unveiled the new tablet computer on March 7. The iPad's Display comes with a 2048 x 1536 resolution with 3.1 million pixels and boasts 44 percent greater color saturation than the earlier version of the tablet. The latest version of the tablet computer, which will come with a starting price range of $629, will allow users to access, record and edit high definition video.

The tablet will feature a more impressive screen and offer faster video graphics and Long Term Evolutionary (4G) capabilities and others. A cheaper iPad 2 will pose a stiff competition other tablet makers in the market like Amazon and Samsung. The move will undercut manufactures that are trying to compete with Apple on the basis of lower prices.