Apple Inc. (NASDAQ:AAPL)’s next iPad Mini is rumored to feature a retina display. A recent report from The Wall The Wall Street Journal claims that the highly-anticipated budget tablet will feature a retina display from Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930). Production for the product is reported to start during the fourth quarter of this year.

iPad Mini

Apple Inc. (NASDAQ:AAPL) originally planned to use Sharp or LG displays for the next generation of iPad Minis. Then they apparently decided that Samsung Electronics Co., Ltd. (LON:BC94) (KRX:005930) would better fit their needs. PC Mag adds,”Contrary to what some Apple Inc. (NASDAQ:AAPL) watchers have indicated, the report claims that the new Retina version of the iPad mini will retain its 7.9-inch frame and 7.2-millimeter thinness. In recent weeks, concerns about the technical logistics surrounding a high-resolution display in such a small tablet have been further dismissed following the debut of the second-generation Nexus 7, which sports a high-resolution display that has some calling the device the new leader of the 7-inch tablet category.”

In July, pictures of an iPad Mini with retina display were hinted from a leaked source via Asia indicating that the device wouldn’t hit shelves until 2014. If this report is true, this could have a negative effect on iPad Mini sales as fans will wait for a more improved device.

Apple’s iPad Mini conflicting reports

9-to-5 Mac also reports that Apple Inc. (NASDAQ:AAPL) is testing an iPad Mini without a retina display but faster processor. Their source comes from references sent by a developer. They explain, “According to the provided information, Apple Inc. (NASDAQ:AAPL) is considering three new iPad mini models: iPad “2,8,” iPad “2,9,” and iPad “2,10.” The respective code names for the devices are J75, J76, and J77. This points to one WiFi-only model and two cellular-compatible models (just like the current iPad minis).”

The iPad Mini offers a lot of opportunity for Apple Inc. (NASDAQ:AAPL) and this could be a big thing for the company’s future.