iPad 5, possible Retina iPad mini release

Credit: Apple

According to Ming-Chi Kuo, analyst at KGI, these new tablets will be launched in the fourth quarter.

He expects the iPad 5 and the iPad mini 2 to come equipped with the same A7X processor and Retina display.

In addition, as Apple is reportedly preparing the launch of the iPhone 5C, the rumored low-cost version of the smartphone, Ming-Chi Kuo believes that the iPad mini could arrive in a cheaper version.

The device could be launched in 2014 with a lower display resolution than the Retina iPad mini and the older A6 chip.

Via AppleInsider