iPad Mini 5 release date, latest news: Device expected to come out in three size variants, built-in memory choices

(Reuters/Beck Diefenbach)Apple iPad Pro display during an Apple press event last year.

Along with other Apple devices, iPad Mini 5 is expected to grace the market anytime soon. However, the Cupertino-based giant company has yet to announce its existence.

iPad Mini 5 is one of the most anticipated devices among Apple enthusiasts despite the fact that the company is reportedly focusing all its efforts on the next-generation MacBook Pro, which is believed to be released before 2016 ends.

This has sparked rumors that the MacBook Pro 2016 is the reason why iPad Mini 5 will be delayed, University Herald reported. Nevertheless, enthusiasts keep their hopes up that the Mini 5 will be released alongside the equally anticipated iPad Pro 2.

One particular rumor claims that the next iPad Mini will be launched next year. It will boast a 7.9-inch Retina display, similar to the current model. And since the company is gearing toward thinner and lighter versions, the gadget's shell may come with 7000 series aluminum shell and will 1 mm. thinner size.

Moreover, according to JBH News, there are three variants of Mini 5 based on the display size. Aside from the 7.9-inch iPad, there will also be the 10.1-inch and 12.9-inch variants.

Under the hood, it may come with an A10 processor chipset that is pre-installed. It may also come with 2 GB of random access memory (RAM) and several choices of built-in memory storage capacity, which are 16 GB, 64 GB and 128 GB.

The device may also have the 3D Touch technology and will run on the latest iOS 10. Other alleged specs include wireless Earpods, just like what the flagship handsets, iPhone 7 and iPhone 7 Plus, have featured.

As for the price, enthusiasts forecast it may be priced at around $412, but the price could be higher.

However, Apple has yet to announce the device's existence so enthusiasts will have to wait for further announcements.