iPad 5, Retina iPad Mini release possible in Q4 of 2013

Credit: Apple

As rumors about the upcoming new iPhone models swirl, Bloomberg reports that a thinner fifth-generation iPad is likely to arrive in the last three months of 2013.

The publication also writes that an iPad mini with Retina display will likely be launched in the same period.

A source says that the new iPAd mini will reflect the characteristics of the current model, namely a thinner bezel and rounded corners.

Speculation regarding the next iPad has revolved around a redesigned exterior and enhanced internal components.