iPad 3's Biggest Competitor Will Be…

A company that rhymes with “oogle.”

According to

, Google

GOOG

will release its own iPad 3 competitor within six months. The news comes from Google's own Eric Schmidt, who told

that the company is getting ready to produce a tablet of the “highest quality.” The tablet is due in six months – roughly to two to three months after the iPad 3 is expected to debut. (Assuming you believe the iPad 3 will arrive this winter, that is; some rumors suggest it won't arrive till late spring.) And just like that 2012 got a lot more interesting.

Follow me @LouisBedigian

ACTION ITEMS:

Bullish:
The iPad 3 is expected to be the tablet leader, but if Google is serious about tablet production:

We could see some serious Apple AAPL competition from the Google/Motorola MMI alliance. And don't expect Google to stop at tablets – the company will attack Apple in anyway it can.

Bearish:
If Google is successful in its tablet venture, it could mean that:

Hewlett-Packard's HPQ WebOS dreams will never come true.

Research in Motion RIMM may finally have to throw in the towel and adopt another OS.

Amazon AMZN could have a hard time pushing the Kindle Fire 2 if its competition goes beyond the iPad 3. (For immediate updates on Google, Apple, Amazon, and more, take advantage of the lightning-fast speed of Benzinga Pro.)

Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

Market News and Data brought to you by Benzinga APIs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comments