Next gen iPhone, iPad to have double the power
The next generation iPhones and iPads are rumored to have Apple's new System on a Chip, which will feature the much more powerful dual core SGX543MP2 graphics chip. It is also said that the chip would enable four times the pixel count of previous iPad. The new iPad 2 Retina display would have a resolution of 2048 x 1536.
The more advanced SoC will also add support for HDMI as well as 1080p Full HD video playback. However, it is not yet certain in which iOS devices you will see these, if any. According to AppleInsider, there will be multi-core ARM Cortex A9 CPUs in the SoC quite like in Nvidia's Tegra 2 chip.
It certainly does sound like the new iOS devices will have a ton more horsepower than the predecessors.

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