A larger iPad has allegedly been in development for some time; however, KGI Securities analyst Ming-Chi Kuo says it's unlikely we'll see the device until 2015.
We believe Apple plans to launch upgraded iPad Air early this year, and will accelerate development of 12.9” iPad. 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” 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.
Unfortunately, we can't confirm if this mockup is based on authentic specifications. Take a look below