In a note to clients — as reported by “Bloomberg” ( — JP Morgan analyst Mark Moskowitz says Apple is in no rush to release the iPad 3.

While “there are prototypes in the supply chain related to the next-generation device,” it will likely not be available until 2012, he said. “That timing appears reasonable, given the rigid refresh cycles that Apple applies to all of its product lines. IPad 2 just lauched this past spring,” notes Moskowitz.