Apple Inc. is reportedly launching another new product Oct. 16, Forbes reported

The article inferred that the latest offering that Apple will be announcing to the public is a new Ipad.

Although the event is yet to be formally announced by the firm, media reports say that the event is on October 16, 2014, at the Cupertino Company's Town Hall Auditorium.

Some reports meanwhile predicted that it could be also an opportunity for Apple Inc. to announce a new iMac system with a 5K resolution Retina display.

Still most of the media reports like Hot Hardware.com reported that new iPad models would be the main product announcement. It said that the new iPad might include an Apple's Touch Id fingerprint scanner which only iPhone have.

Bloomberg reported, quoting a source stated the Oct/ 16 event will be used to launch new iPads "as the company seeks to kick-start slowing sales of its tablet computers."

On Sept. 9. Apple Inc arranged a big launching party to launch iPhone6 and iPhone plus.

The newest iPhone boast of a 64-bit A8 processor, with an 8-megapixel camera, a better battery life and now allows payments from the mobile device.

The new iPhones as of Sept. 19 was already made available in 115 countries, costing $199 for a 16G phone and the bigger version, iPhone 6 Plus will be sold at $299 each.

Although Apple also unveiled its Apple Watch, the product will not be available publicly until 2015.

Apple CEO Tim Cook called the watch a 'breakthrough' product that works as a health and fitness device, a walkie-talkie, and a notification device, among other things."

Another product announced was Apple Pay that will arm iPhone users the access to purchase products online by using their fingertips, which will be launched in October.

Already iPhone fans lined up to purchase the phone, despite bending issues, the new product still managed to gain a lot of followers worldwide.