According to Display Supply Chain Consultants analyst Ross Young, Apple is developing an M2 iPad Pro with a 14.1-inch mini-LED display for launch in early 2023.

Confirmed the 14.1" iPad Pro is being developed with our supply chain sources. It will have MiniLEDs and ProMotion. Not sure of the timing, but early 2023 may be more likely.
— Ross Young (@DSCCRoss) June 9, 2022
The rumor was first shared by the hit-and-miss Twitter leaker known as “Majin Bu” yesterday, who said that Apple is developing a 14.1-inch iPad Pro model with the M2 chip, configured with 512GB of storage and 16GB of memory as standard:
According to my resource, Apple is developing a new 14.1-inch iPad M2 with 512GB and 16GB of base memory. The new M2 line is expected to include a new 11-inch model with no major changes, a new 12.9 model with reduced bezels and this new 14.1 iPad #Apple #AppleRumor
— Majin Bu (@MajinBuOfficial) June 8, 2022
MacDailyNews Take: A 14.1-inch M2-powered iPad Pro with a mini-LED display and iPadOS 16 would be an absolute powerhouse and a strong contender for those choosing between a MacBook Air and an iPad Pro.
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No problem at all choosing, MDN. Just ordered M2 MacAir for travel with keyboard included, precise mouse input, customizable windows all built in.
Most likely around the same price for 14 inch iPad as MacAir without buying extras, but just guessing. The coming customizable windows adjusting with my fat fingers does not sound appealing and the OS in a Mac is mature as it ever was, so no need to embrace the quasi iOS redux.
Now I know their are plenty of folks here that replaced their office Macs with iPads and great for them. The iOS redux will only help to become more productive.
Sorry, but for the extensive computing some of us do, the iPad will NEVER replace a Pro Mac.
To each his own…
While disappointed that my 2020 iPad Pro won’t support windowing (you’re welcome to surprise me Apple), as I started a book translation project today, I winced at the thought of trying to do it on an iPad, even with the new features. My 2015 Macbook Pro connected to a 27″ external screen with my favorite external keyboard and huge Magic Trackpad 2, coupled with Mac OS is like heaven.
Keep in mind new iPads, with the new iPadOS, will also be able to plug in to that external monitor and use the separate mouse and keyboard. But I agree that Macs, due to MacOS being so much more flexible, will remain better work tools for most traditional power users.
Did Apple mention anything about clamshell mode? It seemed like they want your iPad kept open all the time. The updated monitor support will be an improvement, but I’ve got a feeling that it won’t be so simple as waking your iPad with an external keyboard/trackpad and getting right to work. I don’t see Apple giving up the idea of the iPad being a supplementary machine and they’ll maintain roadblocks that shuttle users towards multiple devices.
Agreed, Nick. Heaven is not an iPad for serious intensive work…