Those who are eagerly waiting for the release of the iPad Pro and iPad Mini 3 this year are in for a disappointment. According to the International Business Times, Ming-chi Kuo, the analyst for KGI Securities, confirmed that the iPad Mini 3 and the iPad Pro will not be arriving this year.

This is to give Apple enough time to work on an upgraded iPad Air. Macrumors reported Kuo recently released a statement to investors regarding Apple's decision to hold-off on the release and production of the iPad Pro and iPad Mini 3.

"Compared with lower-margin iPad mini with Retina display, which shipments has been tepid, higher-margin iPad Air was a hot selling item in 4Q13, which will slow Apple in developing new iPad mini models. We believe Apple plans to launch upgraded iPad Air early this year, and will accelerate development of 12.9" iPad. As such, more resources will be allocated to these two products, which will affect the progress of the development of new iPad mini. All told, we think chances of the debut of a new iPad mini in 2H14 are slim. In addition, the 12.9" iPad is unlikely to be offered in 2014. For these reasons, we predict the only new iPad product in 2H14 will be the upgraded iPad Air."

Another possible reason surround the delay of the iPad Pro is the rumored release of the iWatch, Appadvice reports. Even though the 12.9-inch screen tablet will open doors for developers to create more immersive, creative, and productive apps, Apple has focused on developing an operating system for a smart watch in an effort to meet a late-2014 release.

But for this year, as Kuo stated, the only iPad item consumers might get their hands on is the new iPad Air. The new version of the iPad Air will feature an A8 processor and Touch ID fingerprint sensor. Compared to the older models, the new model is lighter, slimmer, and will feature an all-screen front portion.