Apple rumored to release 128 gigabyte iPad

Fourth generation iPad.

Apple may be releasing a 128 gigabyte model of the iPad, according to a recent report. But don't get your hopes up for a fifth-generation model yet.

According to the blog 9to5 Mac, Apple is not launching a new tablet, but adding an additional iPad to its lineup.

Citing "sources," the blog claims that the new iPad will be a fourth-generation model with similar specifications as current tablets - which come in 16GB, 32GB and 64GB models.

The rumor surfaced after code was found in a beta release of Apple's mobile operating system iOS 6.1 that suggests compatibility with a 128GB device.

It's worth noting that 9to5 Mac says it is "not confident enough to outright claim" that Apple is releasing a 128GB iPad model, but the "evidence" suggests it will likely happen.

According to 9to5 Mac, if Apple does release a 128GB iPad it will likely cost $799 for a Wi-Fi only model and $929 for a Wi-Fi and cellular model.

Apple announced the fourth-generation iPad with Retina display along with the iPad mini on Oct. 23, 2012. Both tablets went on sale worldwide two-weeks later on Nov. 2.