iLounge

Apple is expected to release a 128GB version of the current fourth-generation iPad, according to a new report. Like the device released late last year, the iPad will come in both black and white options, and in both Wi-Fi and Wi-Fi + Cellular versions. The report is based in part on new SKUs at a “high-profile U.S. retailer,” referring to an “ultimate” edition of the P101 and P103 iPads — internal Apple names for the Wi-Fi and Wi-Fi + Cellular editions of the fourth-generation iPad. Apple SKU descriptions of current products only refer to “good,” “better,” and “best,” which are the 16 GB, 32 GB, and 64GB models. No pricing information is known as of yet.

Further evidence pointing to a new 128 GB iPad is found within the code for iOS 6.1 beta 5, which was recently released to developers. The code contains a reference to a device with 128 GB capacity. iTunes 11 notably included a badge for a 128GB device, though none has yet been released. [via 9to5Mac]

Update: The 9to5Mac report has been updated with pricing information. The Wi-Fi model will cost $799, and the Wi-Fi + Cellular model will cost $929.