Since Apple launched the new iPad mini more than a year ago, there has been no official confirmation of the follow-up. According to Ming-Chi Kuo, an analyst with TF International Securities, Apple is working on a new version of the iPad mini, which will be released at the end of 2023 or in 2024.

The new iPad mini’s main selling point will be its processor, according to Kuo’s latest tweet, implying only specs will be updated and no cosmetic changes will be made. Moreover, he said Apple is unlikely to replace the Mini with a foldable iPad in 2025 since a foldable device would cost much more, making it unattractive.

The analyst Kuo specializes in Apple’s manufacturing supply chain. In many cases, he is right in his predictions. It is clear from Apple’s recent patents that it is at least considering some form of foldable device, but the analyst did not share any other information.

Samsung, Oppo, Huawei, and Xiaomi have all already launched at least one foldable device in this segment, which shows that the number of foldable devices is on the rise. There seems to be no end in sight to Apple’s wait for its own foldable device, but the brand is expected to launch its own device in the near future.