Apple is holding an event Wednesday in San Francisco, and has hinted that it will reveal a new iPad model, the Associated Press reports. Rumors speak of an updated tablet with a speedier processor, a sharper screen and an option for faster wireless broadband access. If last year’s launch of the iPad 2 is any guide, the new iPad model will go on sale in the U.S. next week, likely on Friday. The upgrade from the iPad 2 to the iPad 3 will be less significant than the upgrade from the original iPad to the iPad 2, which added two cameras while cutting both the thickness and the weight of the device. One big unknown is whether Apple will keep the iPad 2 in production and offer it at a lower price, like it kept the iPhone 3GS after the launch of the iPhone 4…

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staff and wire services reports