Apple Inc. (NASDAQ:AAPL) may not launch the iPad Mini with Retina Display until early next year. On Friday, China news source Economic Daily News reported that Apple’s budget tablet may be delayed until the early part of 2014. EDN initially reported the tablet would hit stores late this year.

Apple ipad mini

Apple Insider’s Sam Oliver explained, “It’s expected that a retina display on the iPad mini would follow the same double-resolution approach used by Apple Inc. (NASDAQ:AAPL) in existing devices like the iPhone and full-size iPad. That would mean the iPad mini’s 7.9-inch display would need to pack in the same 3.1 million pixels into a panel nearly two inches smaller in diameter.”

Rumors of Apple launching iPad in September

Earlier this week, there was a rumor that the fifth generation iPad would arrive sometime in September. The real question still remains: what is taking Apple a long time to produce the popular tablet computer? Earlier this year, KGI Securities analyst Ming-Chi Kuo reported that Apple Inc. (NASDAQ:AAPL) had yield issues in the manufacturing process for high-resolution screens for the iPad Mini. He also reported that production issues would push back the second generation iPad Mini’s debut.

Apple’s iPad Mini features

It’s been nearly a year since the iPad Mini was introduced. It features a 7.9 inch display with a screen resolution of  1,024 x 768 pixels, advanced Wi-Fi connections, built-in applications including Siri and FaceTime, impressive A5 chip, 10-hour battery life, iSight camera, HD video for full 1080p, 5 megapixel camera and AirPlay. It’s a small tablet with the premium experience. It also comes with a somewhat hefty price tag, however since Apple created it, you really do get what you pay for.

Apple Inc. (NASDAQ:AAPL) is also predicted to release the iPhone 5S or the iPhone 6 sometime this year. Apple Inc. (NASDAQ:AAPL) fans are also hoping that the tech giant will introduce their rumored iWatch. For now, fans have to be patient.