Production of the larger iPad is set to begin in the first quarter of next year, Bloomberg reports.
The tech company posted a six percent rise in quarterly revenue, with 28 percent growth in China.
Taiwan’s Hon Hai Precision Industry will begin mass production of Apple's next-generation iPhone.
IBM will partner with Apple to sell iPhones and iPads loaded with apps geared at enterprise clients.
Shanghai-based Zhizhen sued the US firm in 2012 for intellectual property infringements.
Apple Inc is close to paying a record $3.2 billion for Dr. Dre's Beats Electronics.