Rumors surrounding the 5th generation iPad have been around the web for several months now, with claims that the refreshed iPad would carry a design similar to the current iPad mini. On Tuesday, Digitimes reported that Apple will begin production of the 5th generation iPad during the July / August timeframe.
This means that the 5th gen iPad release date would likely occur in the Fall, similar to the 4th generation and the iPad mini which were released last Fall. The timeframe for the 5th generation iPad reportedly comes from Taiwan-based supply chain makers, who are likely working on the device. With 3 iPads released in 2012, one in March and two in November, it makes sense that Apple would wait a full year before releasing a new iPad.
The 5th gen iPad is expected to carry the thinner and lighter design of the iPad mini, meaning a thinner bezel and color mixtures of White / Silver and Black / Slate. It is also possible that Apple would release a new A8 chip and perhaps a new 8 megapixel camera, currently included on the iPhone 4S and the 5.