Let me say something first, NO this not the iPad 5.
Apple has decided to announce a 128GB variant of the current fourth generation iPad. It will have the same specs with the A6X processor, LTE (separate model) , Retina Display, FaceTime (front) HD camera, and iOS 6.1. In their press release, Apple’s senior vice president of Worldwide Marketing Philip Schiller said:
“With more than 120 million iPads sold, it’s clear that customers around the world love their iPads, and everyday they are finding more great reasons to work, learn and play on their iPads rather than their old PCs.”
“With twice the storage capacity and an unparalleled selection of over 300,000 native iPad apps, enterprises, educators and artists have even more reasons to use iPad for all their business and personal needs.”
The 128GB iPad will be released on February 5th priced at $799 for the Wi-Fi model and $929 for the Wi-Fi+LTE model at any Apple Retail Store, Apple Online Store, and Apple Authorized Resellers (i.e Best Buy, Target, Wal-Mart)