According to sources speaking to Bloomberg, the Cupertino, Calif.-based technology giant will release new versions of its popular tablets around November, in line with last year's release.
The full-sized 9-inch iPad will fit into a thinner body, while the smaller 7-inch iPad mini will feature a high-resolution Retina display as seen in earlier larger iPad models.
The December quarter is the most important three-month period of the year for Apple, where sales are typically far higher. Last time around, iPhone sales carried Apple's first quarter, drumming up 47.8 million smartphone sales, up from 37 million from the same quarter a year earlier.
An iPhone event is also slated for September 10, according to sources speaking to The Wall Street Journal. It comes just months after iOS 7, Apple's latest mobile operating system, was unveiled at its WWDC 2013 developer conference in June.