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Is a 128GB 'Ultimate' Apple iPad on the way?

One new report indicates that a larger-capacity iPad could ship sometime in the next few months. 

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An Apple logo is reflected in the screen of a new Apple iPad at an electronics store in Mumbai in this April 27, 2012 file photograph. Word surfaced today that Apple is preparing some kind of "Ultimate iPad."

Reuters

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Time was when Apple released a new tablet computer every year. The original iPad was followed roughly 12 months later by the iPad 2 and a year after that came the "new iPad," otherwise known as the iPad 3. But last year, Apple upended the annual schedule, and launched the fourth-generation iPad the same year as the third-generation iPad. We say all of this as a kind of pre-amble to the news today that Apple is preparing some kind of "Ultimate iPad." 

According to 9 to 5 Mac, which cites SKUs obtained from a "high-profile US retailer," the "Ultimate iPad" may simply be a 128GB version of the current iPad – in other words, not a completely redesigned iPad, but an iPad with a colossal amount of memory. (The largest iPad currently gets "only" 64GB.)

The SKUs provided by 9 to 5 Mac show two price points: $799 and $929 – possibly the cost of the Wi-Fi-only and LTE versions

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