Many sources claimed that the release of iPad 5 is soon. However, very little is known on the specs and features of the device.

iPad 5 could be the first device to be launched with iOS 7. The release is expected to happen later this year. As for the final version of iOS 7 for iPad, it's possible that given the late beta, that it could be out sometime after the iPhone's update. But given Apple's history of sending out major iOS updates to iPhone and iPad owners at the same time, we suspect that Apple is likely planning to release the iPad iOS 7 update at the same time as the iPhone's.

September seems to be the most likely candidate for an iPhone 5S launch and thus, the launch of iOS 7. And if that's true, and there is no reason to believe that it isn't at this point, it should mean that the iPad's iOS 7 update will be out in September.

There is a new rumour that is making the rounds claiming that Apple's iPad 5 will be released next week to counter the announcement of Samsung's phablet - Galaxy Note 3.

After the iPad 5 did not show up this week at the recently concluded Apple's annual WorldWide Developers' Conference, there are speculations that Apple intended to release its tablet in a separate event a week after the event. This is to counter the rumoured Samsung Galaxy Note 3 press event pegged next week.

Despite the imminent release date of iPad 5, information is still scarce on the specs and features of the device except for the size and screen display.

The iPad 5 is rumoured to have no bezels, and the whole form factor has been made sleeker. Horowitz believes this design indicates that Apple will be calling on Sharp's IGZO screen technology. Sharp, however, according to Horowitz, has been struggling, and its ability to deliver components on time will play a key role in the release of the next iPad.

Moreover, the new iPad is rumored to come in different colors, including navy blue, gold, and grey, and will be 33% thinner and lighter than the iPad 4. The device will also have a thinner piece of glass, at just 0.2mm thick.

There are also claims that the iPad 5 will allow phone calls, as it will include a microphone and SIM port. It may also feature a vibrating mode for message alerts and haptic feedback from gaming. The resolution of the rear-facing camera will be upgraded to 8MP, according to accessory maker Tactus.

Still, the Cupertino-based company offers no official comment on the aforementioned rumours.