The iPad 5th generation model will enter into production in July or August of 2013.
A Taiwan-based supply chain revealed Apple's plans to begin volume production on the tablet starting this summer, according to DigiTimes.
This report counters other recent rumors that pointed to the new iPad launching as early as this month.
Apple normally launches a new iPad model during the first few months of the year. However, last year those plans were altered when the company decided to launch two iPads in one year.
The new version is expected to be thinner and lighter than the previous version. This model will also take on the same thin-bezel design as the wildly popular iPad Mini.
Apple is also expected to launch a new version of the iPhone this year along with the iPad Mini 2 that is rumored to feature a Retina display.
The iPad 4 refurbished model is now available in Apple's online store.
The device runs $50 cheaper than the brand new model, making it a great deal for those looking to save while purchasing the tablet. There is an extremely limited selection so those who are interested in the refurbished model should jump on them as soon as possible.
The iPad Mini is also available refurbished and is discounted $30-$40 from the brand new version. Refurbished Apple products include the same 1-year warranty that comes standard on new models. They also come with a brand new battery and outer shell.
These refurb iPad models showing up on Apple's site point to the fact that the 5th generation iPad and Mini 2 will be available in the near future. Apple has not made any confirmations yet regarding any of these devices.