Apple may be on the cusp of the biggest iPad upgrade cycle it has seen in some time. This according to Cantor Fitzgerald’s Brian White, who theorizes that Apple’s upcoming iPad refresh, expected this quarter, will drive significant demand with a new design for the full-sized device. Supply-chain sources tell the analyst the so-called iPad 5 will be lighter and thinner than its predecessors, “a major upgrade” of a form factor that hasn’t much changed in recent years.

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