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Upset you didn't get a shiny new iPad 4 for Christmas?

Well, take a deep breath. If the latest iPad rumors are true, it would have been outdated in just a couple of months anyway.

Apple is reportedly preparing to release its new model of the tablet in March.

The Apple news blog 9to5Mac has published reports that the new iPad 5 will have design elements of the recently-released iPad mini incorporated into it.

A source claims the new iPad will be thinner and lighter than its predecessor with a 9.7-inch display, 9to5Mac reports.

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Apple unveiled the iPad 4 and iPad mini in October, and released them in November.

The Japanese blog Makotakara also added that the iPad mini would be equipped with a retina screen in its second generation.

Get more tech news and reviews at news.com.au.