The latest rumors on Apple's iPad Air 3 are bubbling in the Internet with new release and specification updates. Apple recently launched its new smartphone iPhone 7, which has led the tech company to peak in the tech market.

iPad Air enthusiasts are expecting to have one of the best updates on the new iPad Air model, with amazing features and specifications that is set to take on the tech market by 2017. Rumors suggest that Apple is currently working on the redevelopment and overall improvement of the iPad Pro line, though reports say that the company will not abandon the Mac line just yet despite and there would still be further models.

If the rumors on the new iPad Air 3 become reality, iPad Air enthusiasts will certainly experience amazing features in it. As per acclaimed analyst Ming-chi Kuo, Apple is planning to come up with a 10.5-inch iPad Air 3 in 2017 - expected to sport an AMOLED display with a resolution of 2048 x 1536 pixels and 264ppi.

As further reports indicate, the iPad Air 3 may have a four-speaker audio system and full Apple support along with Bluetooth 4.2, lightning ports, touch ID and fingerprint scanning technology. The iPad Air 3 is rumored to come with a 12.9-inch iPad Pro 2 and the low-priced 9.7-inch iPad model.

The speculations suggest that the iPad Air 3 is expected to be powered by an A9 processor, similar to the iPhone 6 and 6S. The iPad Air 3 is expected to come with a minimum 64GB internal storage. The camera in the new iPad Air is expected to be incorporated with 12-megapixel lens.

Although there are rumors suggesting that Apple might slash down the entire iPad Air line from its new developments, new release updates may most likely mean that they are mere speculations and nothing more.

Mobipicker reported that Apple iPad Air 3 is expected to be available in the early quarter of 2017 and may not have a high price tag typical of previous iPad releases. However, Apple has yet to make any official statement related to the much-awaited new iPad Air.