Apple is fast-tracking production of a second generation iPad Mini, according to RPC Capital Markets analyst Doug Freedman.
Freedman is currently touring chip manufacturers in China and noted in a recent memo “iPad Mini Gen-2: Apple’s gen-2 iPad mini is getting pulled-in, and is likely to have several new suppliers, with TXN gaining content.”
TXN is a reference to chip manufacturer Texas Instruments, who previously supplied Apple with minor iPad components.
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Rumours suggesting a second generation iPad Mini have been circulating since the launch of the original, largely because it doesn’t have a Retina display. Pundits have been tipping Apple will launch an iPad Mini equipped with a Retina display, but such an update would require a more powerful processor and larger battery; components which could see the cheaper iPad’s price rise.
Read The problem with Apple’s iPad Mini is…
Apple products generally have a year lifecycle, but this annual tradition is being threatened by their competitors’ rapid rate of innovation. Although a second Mini could be launched in November 2013, Apple could introduce it earlier in an effort to keep their product competitive.