The newer 2012 iPad comes at the same entry level price as the iPad 2 at its launch time in 2011. The newer iPad does not see any change in the CPU section of its processor but the graphics section of its processor now has 4 cores (iPad 2 had 2 cores in its graphics section) . We get a display with pixel count 4 times that of the iPad 2. Apple has been able to maintain the same battery life even while the current consumption increases substantially.
Let us take a quick look at what is new in the 2012 iPad with respect to the older iPad2