HP's webOS powered tablet will be launching early 2011, the company has confirmed.

Ending months of speculation as to when the rumoured device will be landing, the company made the confirmation in an investor call saying it would release "a webOS-based product in Early 2011".

The news comes on the back of the company's third quarter earning results that showed a net revenue of $30.7 billion, up 11.4 per cent, or $3.1 billion, from a year earlier.

The news is likely to please Palm fans as well as investors keen to let HP's Personal Systems Group, which looks after laptop, netbook and desktops, keep performing.

HP says notebook revenue for the quarter was up 10 per cent, while desktop revenue increased 27 per cent.

With a Q1 launch we expect the company to announce the new Palm tablet at CES 2011.