Apple, Inc. has announced its iPad 12.9-inch model will go into production in the first quarter of 2015.

Some reports say Apple's suppliers are readying its version of the iPad with a 12.9-inch screen.

The Cupertino-based company said earlier this year they're targeting the enterprise market to boost iPad sales after these were hit by a sales decline in two quarters.

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Currently, Apple sells 9.7- and 7.9-inch models.

Jefferson Wang, senior partner at IBB Consulting, said the 12.9-inch tablet is aimed at the enterprise market.

Tablets under 10-inch are needed when working on data or manipulating spreadsheets.

"A business-ready tablet, if you will, at a price point lower than a thousand dollars could be interesting," Wang added.

Apple isn't the only tech company launching with larger-screen tablets.

Microsoft launched the Surface Pro 3 with a 12-inch screen.

In spring, Samsung unveiled its two tablets with 12.2-inch screens.

Fuhu will start selling tablets with 20- and 24-inch screen this coming fall.

Meanwhile, Apple plans to update its 9.7-inch iPad model and iPad Mini in time the holiday shopping season.

Apple hasn't commented on the new version of the iPad.

TagsIpad, Tablet, Tech, gadget