Security guards stand near the entrance to the Mobile World Congress exhibition site in Barcelona, Spain, on Feb. 26, 2012. The Mobile World Congress, operated by the GSMA, expects 60,000 visitors and 1400 companies to attend the four-day technology industry event which runs Feb. 27 through March 1. (Chris Ratcliffe/BLOOMBERG)

Apple may be working on not one, but two chips for its next tablet, according to the latest from the ‘iPad 3’ rumor mill. The Verge reports:

As rumors keep swirling about whether Apple's planning a dual- or quad-core chip for its upcoming iPad 3, new reports suggest the company may actually be working on both. As we reported last week, the part number scheme used for Apple's A4 and A5 indicate that an A6 chip would likely have the number S5L8950X, and not the S5L8945X reported to be in the next-generation tablet. Well, 9to5Mac reports that the newest beta build of iOS 5.1 actually includes references to the 50X and 45X, supporting the idea that Apple is actually working on two new SoCs. Why do they need two? 9to5 speculates that Apple might have simply tested two chips before deciding which one to go with, or it could be planning to offer two tiers of processor in its next iPad. Could one of the chips be for the rumored 8-inch iPad? We'll have to wait till March to find out.

The Post’s Hayley Tsukayama provides her take on the latest ‘iPad 3’ rumor:

One of the greatest debates going into Apple’s next iPad launch is whether the tablet will have a dual-core or quad-core processing chip. There have been reports that Apple is planning to unveil its next tablet with a quad-core chip, but there have also been several reports that it will be opting for a revamped dual-core processor.

According to 9 to 5 Mac’s Mark Gurman, the confusion is easy to explain: Apple’s developing two chips ...

Gurman has some “purely speculative” reasons as to why Apple would be working on two chips. The company could have been waiting to see which fit its next tablet better he said, may be planning to sell two models of the iPad, or may even be prepping to put the A5X into that smaller iPad that suppliers have said is in testing.

In other iPad news, Adobe is launching its Photoshop Touch iPad app Monday. reports :

Adobe has certainly seen its fair share of trouble with Apple, and it suffered a major black eye when it gave up on developing Flash for mobile devices. But with apps like Photoshop Touch — which genuinely seem geared towards giving tablet users something new and compelling, instead of just recreate the desktop experience — it seems like Adobe finally understands what mobile users need.

Adobe announced Photoshop Touch and its suite of companion Touch apps back in October alongside the unveiling of its Creative Cloud service, which will enable users to store, share, and collaborate on documents stored on Adobe’s servers. Now the flagship app in Adobe’s new tablet ambitions, and a core part of Creative Cloud, is will be available to iPad owners for $9.99 on the iTunes App Store.