Apple may be launching a second generation iPad mini with Retina Display during the second half of 2013 and a few months after that the third generation device will arrive according to NPD DisplaySearch analyst Richard Shim.

“We see two refreshes coming. One in the second half of this year, then one in Q1 [first quarter] of 2014. The Q1 [2014] device will have a Retina display plus an updated processor.” said NPD analyst Richard Shim.

The theory of two Apple releases for the same device is not unlikely based on Apple’s releases last year. During March last year, Apple released the third-generation iPad. Just seven months later that device was retired when the iPad with Retina display made its debut.