The California based technology giant will allegedly reveal a 9.7 inch iPad 5 with a thinner casing that looks similar to the popular iPad Mini.
While the second generation iPad Mini will reportedly feature the high resolution Retina Display that features on the new iPhone and larger iPad models.
Sources close to Apple told Bloomberg that the electronics firm will unveil their new iPad and iPad Mini shortly after announcing plans for their next iPhone.
The company are rumoured to be revealing plans for the future of the iPhone at an event on Tuesday September 10.
The rumour mill has claimed Apple will launch an iPhone 5S model that could feature a biometric fingerprint scanner and a low cost handset.
Other rumoured specifications include a 12 megapixel camera and a larger 4.3in display.
The iPhone and iPad are crucial products for Apple and accounted for almost 70 per cent of the company's sales during the last financial quarter.
It is expected that Apple's new operating system iOS7 will feature on the new range of iPads and iPhones.