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By Kristin Dian Mariano | February 17, 2013 8:14 PM PST

A new report stirred the rumour mill of the iPad Mini 2 as Piper Jaffray analyst Gene Munster told clients that the next Apple iPad Mini 2 with Retina display will be launched on mid-2013 after the release of the iPad 5.

Munster said that it is the redesigned iPad 5 that will offer the same iPad Mini-like design style. The full-sized iPad release date may be in April as Munster claims despite growing reports that Apple will not launch any new devices on first half of 2013 because it updated almost all devices last quarter only.

Last quarter, Apple launched the iPhone 5, the iPad Mini and the iPad 4. Thus, launching a new tablet computer again might start another backlash to the company.

Apple's iPad Mini 2 will obviously offer Retina display to differentiate itself from its predecessor. However, Apple is struggling from supply constraints. The good news is that the Cupertino Giant is preparing to launch the next generation iPad Mini with a screen boasting of a higher resolution than the Retina Display equipped current iPad 4.  The retina Display of the next generation iPad Mini will be 324 ppi which is miles ahead of the iPad 4 screens' 264 ppi display.

According to investment news service BrightWire which cited a source in the Apple supply chain in faraway Taiwan that the iPad Mini 2 will probably be launched in October which will make it exactly one year since its predecessor was launched.

The source has revealed that the iPad Mini 2 will feature a screen with a resolution of 2048 x 1536. This is almost four times the resolution of the present iPad Mini and is equal to the fourth generation Ipad which was released along with the iPad Mini last year.  AU Optronics has been rumored to be making displays for the iPad Mini 2.

The biggest advantage of bringing the resolution of the iPad Mini 2 at par with the iPad 4 will be for the developers who will not have to rack their brains trying to accommodate their iPad apps to another screen size.

Other specs include a more powerful dual core A7 processor and a 7.9 inch screen. It will also feature a 10-hour battery life, a FaceTime HD camera, and an iSight camera with 1080 pixels HD video recording. Apple is also trying to reduce the thickness of the iPad Mini 2 by using the Sharp's IGZO (indium gallium zinc oxide) technology in its screens.

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