An improved Apple Pencil is also under development and expected to launch alongside the updated tablet.
The company's upcoming iPad will come with slimmer bezels like the iPhone X, and that means Apple will have to get rid of the home button and Touch ID from its tablet.
Would you prefer an edge-to-edge iPad with Face ID? Will it also change to a glass back to allow for wireless charging? Apps that already support Touch ID will automatically support Face ID.
However, using an OLED panel for an iPad Pro would be a much more hard undertaking because the device supports the Apple Pencil and also has features such as ProMotion, which makes the tablet much more responsive so that it can be used for more than what most people use their iPhones for. Bloomberg said Apple also wants to slim down the bezels around the sides and above and below the screen, which means it might be a slate that's nearly entirely a display.
Bloomberg reports that the new iPad, which will feature a display size "similar" to the 10.5-inch iPad Pro, is likely to be released "later next year".
One key iPhone X enhancement that is unlikely to make its way to iPads next year is an OLED - or organic light-emitting diode - screen, according to people familiar with Apple's supply chain.
The sources go on to indicate that the new iPad may not see a 2018 release if manufacturing and supply constraints affect the Face ID components. However, the inclusion of an OLED display is unlikely due to cost and lack of choice of suppliers.
The iPad had been Apple's second-largest product line as recently as 2015.
Tablet sales have taken a 17 percent decline globally over the last three years and Apple certainly felt it.
Apple allegedly still sees the iPad as the future of mainstream computing and continues investment in the series.