Apple's next full-pledged tablet, iPad 5, may be released later this year.

According to some publications, iPad 5 will be released this fall, most probably around October after the launch of the low cost iPhone dubbed as iPhone 5S.

According to KGI Securities analyst Ming-Chi Kuo, shipments of the iPad 5 are set to kick off sometime during August to September. He also rendered two launch timeframes apart from the stated period. The company will apparently unveil its next flagship tablet either between September and October or October and November.

Rumour has it that the Apple's iPad 5 is said to be running on Apple A7X quad-core processor, with 1-2GB of RAM and 16GB/32GB/64GB/128GB storage options, along with a 5-8MP rear facing camera and 1.3MP front facing camera. The device will have connectivity options including WiFi + 4G LTE, and Bluetooth 4.0 with Lightning Connector. The iPad 5 is said to come with storage options of 16GB, 32GB, 64GB and 128GB.

On the other hand, Apple's iPad has always had problem of battery life, be it consumption of more power or heating up of the device that makes it too hot to handle. Therefore, Kuo said that Apple may release its iPad 5 with a thinner and smaller battery which could diminish problems about too much drain and excessive heating.

"We therefore think that iPad 5's battery capacity will be 25-30 percent smaller, at 8,500-9,000mAh, than iPad 4's, and the battery's thickness will be 15-20 percent smaller, at 7.5-8.0mm, and the number of cells will be reduced to two from three," Kuo claimed in his note. However, Apple has declined to comment on the rumors.

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.

However, the Cupertino-based company remained tight-lipped on the rumours and on its plans for this year.

Below are the top five features that consumers would like to see in the upcoming iPad 5.

Slimmer Body - Alleged photos of the iPad 5 hinted that the tablet will have a slimmer and iPad Mini-like design making the device lighter and more convenient.

Larger and More Durable Screen Display - Some of the leaked photos of iPad 5 showed the device will sport an even larger screen display. It is also rumoured that new screen will be stronger against breakage.

Faster Processor - According to rumours, iPad 5 will feature the Apple A7X quad-core processor, which will make the performance faster and smoother.

Larger Storage - Consumers want bigger internal storage in iPad 5 mainly because some consumers use the device to store huge files and data. Consumers in the business sector will most likely utilize this feature.

Longer Battery Life - One of the main complaints on iPad tablets is the fast depleting battery. Apple will surely increase the battery life of the device in order to satisfy the users.