The iPad Pro successor is likely to get announced during the company's June 5 keynote that will start at 10 a.m. "The 10.5-inch iPad Pro began mass production in March-April." according to DigiTimes. Monthly shipments are set to go up from 500,000 units now to 600,000 units by July.
That said, it's not a stretch to extrapolate that the annual unit shipment run rate of these devices could be in the ballpark of 10 million (probably a bit lower since early demand for the product should be higher than demand for it later in the cycle). It should be noted, however, that this is not actually an iPad Mini rebrand given that comes with a few Pro features like the Apple Pencil compatible.
Apple recently released their new iOS 10.3.3 beta and now it looks like the new 12.9 inch iPad Pro has been hinted at in the release. Its form factor will be similar to the current 9.7-inch model despite featuring a bigger display, thanks to narrower bezels. The home button will be eliminated and the fingerprint sensor will be embedded in the display.
The iPad Pro 2, or whatever Apple chooses to call it, will have an all screen display.
It is speculated that the reason behind Apple launching the new devices in June could be that it wants to reserve the September launch event for its much awaited 10th anniversary special iPhone 8. The company's MacBook Pro "will get a faster Kaby Lake processor from Intel " (NASDAQ: INTC), and its 12-inch MacBook will also get a "faster Intel chip".
It's unknown what other features the 10.5-inch iPad Pro might offer, if it even exists at all. Apple is expected to launch it at some point in the third quarter. Although the company says that sales of the new laptops are robust, many professional users who wanted a new high-end laptop were disappointed.
The rumor mill claims that Apple will eventually phase out the iPad Mini due to the rising popularity of phablets.
Apple's laptops account for 11 percent of the company's annual $216 billion in sales. iPhones make up nearly two thirds of the company's sales. It makes little sense for users to buy an iPad Mini.