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Is a jumbo iPad in the works?

Apple may introduce a new, larger iPad
Apple may introduce a new, larger iPad
Photo by Peter Macdiarmid/Getty Images

Is Apple developing a new iPad with a significantly larger screen? According to a report today from Bloomberg, just such a device is currently in the works and could be hitting stores sometime in early 2015.

The expectation is that the new iPad would offer a screen size of approximately 12.9 inches. Currently, the iPad line consists of four models, the standard iPad with a 9.7-inch Retina display, the thinner iPad Air with 9.7-inch screen, and two versions of the iPad mini which boasts a 7.9-inch screen.

"Potential customers for larger-screen iPads are businesses, where the device could take on more tasks of a traditional laptop computer," notes the Bloomberg report. Apple recently inked a deal with IBM that should help the company begin to acquire more corporate customers for its iOS mobile platform.

Apple CEO Tim Cook has shaken off recent sagging sales in the tablet market, calling the trend a "speed bump" and touting the success of the device, which has sold more than 225 million units over the last four years.

Microsoft has enjoyed modest success with their line of Surface Pro tablets, which are targeting customers who want a larger screen and require a more robust mobile computing experience. Microsoft is actively advertising the latest Surface Pro devices as "the tablet that can replace your laptop" and are taking direct aim at Apple's line of MacBook portable computers.

Apple has an event scheduled for September 9, where it is expected that the company will introduce two new versions of their flagship iPhone. Rumors suggest that the new iPhones will feature larger screens and other improvements. Indications are that the iPhone 6 will be offered in 4.7-inch and 5.5-inch versions.