CNET is reporting that NPD DisplaySearch analysts are saying there will are two iPad mini with Retina display models in the pipeline, with one launching in the third quarter of 2013, followed by a second update, including an updated processor, in Q1 of 2014.
“We see two refreshes coming. One in the second half of this year, then one in Q1 [first quarter] of 2014,” analyst Richard Shim told CNET late Sunday night.
“The Q1  device will have a Retina display plus an updated processor,” Shim added.
This report does correlate with comments from noted KGI Securities analyst Ming-Chi Kuo, who last month said that challenges related to production of the iPad mini with Retina display would likely delay the debut of the device until the September-November timeframe. Apparent production issues associated with packing enough pixels into the device’s 7.9-inch display to qualify it as a “Retina” screen were cited.