Apple manufacturers are already reporting that the company is planning to launch a second generation iPad Mini with Retina display.
The Chinese company AU Optronics has stated that it will begin producing these Retina iPad Mini models in the second half of 2013.
These new iPad Mini models will feature a display with 2048 x 1536 resolution, measuring in at 7.9-inches.
In other iPad Mini news, Apple has created a new video ad for the iPad Mini that displays a user playing with his GarageBand application.
It appears that he has turned his entire tablet into a full-fledged keyboard and plays out the melody to "Heart and Soul."
The user starts out playing on a full-sized iPad in his left hand and moves on to iPad Mini on his right hand.
Apple unveiled the shrunken down iPad at a special media event last month where the company also introduced the public to the fourth-generation iPad.
The iPad Mini features a 7.9-inch 1024 x 768 display, making it slightly larger than many small tablet competitors, such as the Google Nexus 7 and Amazon Kindle Fire HD.
Other specifications on the iPad Mini include 4G LTE connectivity, a dual-core A5 chipset, front Facetime camera, rear 5-megapixel camera, a Lightning connector, and a battery capable of lasting up to 10 hours.
It can be held in one hand and features tons of applications specifically designed for iPad users.
The iPad Mini comes in three memory capacities: a 16GB, 32GB and 64GB.
The Wi-Fi only model retails for $329, $429, and $529, respectively, pricing them slightly above their competitors, while the cellular versions will sell for $459, $559, and $659.
Apple began taking pre-orders for the iPad Mini last month and started shipping the devices on Nov. 2.