The Taiwanese tech site, which has a haphazard reporting record but can also be accurate on occasion, cited anonymous sources within Taiwan's supply chain and indicated a possible September launch for the device, as Apple ramps up production to begin sales.
The new iPad will allegedly feature a thinner 0.2-millimeter glass substrate and GF2 touchscreen technology. It will also be 33 per cent lighter than the fourth-generation iPad.
Display panels for the next iPad are rumoured to come from LG Display, Samsung Display and Sharp, but Digitimes also mentioned TPK Holding, Coretronic, Radiant Opto-Electronics and Taiwan Surface Mounting Technology as suppliers.
AppleInsider added to today's report and claimed the next iPad would use only one LED light bar for backlighting - instead of the two typically found in Retina displays. The loss of an LED light bar could significantly improve the device's battery life.
Both reports closely align with analyst Ming-Chi Kuo's recent prediction that the fifth-generation iPad would have a 15 per cent thinner design and look similar to the iPad mini.