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Bloomberg is reporting this afternoon that Apple is preparing a larger 12.9-inch iPad for early next year. Citing people with “knowledge of the matter,” the outlet says that the¬†company’s suppliers are gearing up now, with production of the tablet scheduled to begin by the first quarter of next year.

The report revives a theory that has been bouncing¬†around the rumor mill for more than a year now. Apple was originally expected to launch the 13-inch “iPad Pro” this fall, but is believed to have¬†pushed back the project¬†due to resources being used on the so-called ‘iWatch,’ and the new iPhone 6.

Matching up with previous speculation, Bloomberg says that the new iPad will have a screen measuring 12.9-inches diagonally. The firm has apparently been working with suppliers for more than a year to develop a new range of larger touch-screen devices, but only recently settled on the current size.

Additionally, the site’s sources reaffirm the expectation that Apple is holding a media event next month to introduce two larger iPhones: one with a 4.7-inch display, and one with a 5.5-inch. It also says Apple suppliers recently started manufacturing a new 9.7-inch iPad, expected to debut this fall.

It’s not surprising¬†that Tim Cook and company are looking to shakeup the¬†iPad lineup. Last quarter Apple reported 13.2 million unit sales for the tablet, versus 14.4 million expected, and the consensus is that this¬†will be the trend moving forward as consumers continue to migrate to larger smartphones.

[Bloomberg]