iPad Air 2 release date may happen soon as Apple lowered iPad 4 price.

Apple completely shelved iPad 2 and will offer iPad 4 to replace the early tablet. iPad 4 is now available at $399 for 16 GB Wi-Fi model and $529 for 16 GB Wi-Fi + cellular model. Apple temporarily shelved iPad 4 in the previous year when it launched iPad Air, its current flagship tablet. The company had cut the price of iPad 2 to $399 in 2012.

According to his recent note to investors as reported by iDigitalTimes, Analyst Ming-Chi Kuo of KGI Securities said iPad Air 2 will be released later this year delaying the launch of iPad Pro until next year. Kuo added iPad Mini 3 will not arrive this year.

"Compared with lower-margin iPad mini with Retina display, which shipments has been tepid, higher-margin iPad Air was a hot selling item in 4Q13, which will slow Apple in developing new iPad mini models. We believe Apple plans to launch upgraded iPad Air early this year, and will accelerate development of 12.9 inches iPad," Kuo said

"As such, more resources will be allocated to these two products, which will affect the progress of the development of new iPad mini. All told, we think chances of the debut of a new iPad mini in 2H14 are slim. In addition, the 12.9 inches iPad is unlikely to be offered in 2014. For these reasons, we predict the only new iPad product in 2H14 will be the upgraded iPad Air," he added.

Apple has not revealed the official specs of iPad Air 2 and iPad Pro. iPad Air 2 may follow the same specs and features of its predecessor with slight improvements.

iPad Pro will come in two variants packing different resolutions. Both models will pack 12.9-inch screen panel but will come with different screen resolutions: 2K and 4K display, respectively.

Also, the tablet's bezels may be hypersensitive as an Apple patent suggested iPad Pro will pack pressure sensors on bezels that may replace the physical home button.