The iPad Air 2 release date is rumored to be on October 21, 2014.

The newest Apple gadget is said to be launched at alongside the iPad Mini 3 and the new Mac OS, reports suggest. The new iPad was previously believed to be launched together with the iPhone 6. But since the new mobile device has already been unveiled recently, iPad Air 2 release date speculations lead to another Apple event and unveiling in October.

According to TheWestSideStory.net, the projected cost of the iPad Air 2 will be around $500. This amount is based on the retail price of the original iPad Air in the market today. The projected amount might be far from the actual retail price of the new iPad, but Apple users already awaits its release with wallets open.

KGI Securities analyst Ming-Chi Kuo predicted some notable features that the iPad Air 2 might have. Aside from having major improvements on its speed and performance because of the Apple A8 processor, he also suggested that it will have Apple's fingerprint scanner technology called Touch ID which first debuted on the iPhone 5S.

He also confidently mentioned that as with past Apple product launches, the camera almost always gets a significant upgrade. His prediction on the new Air? An 8 megapixel back camera.

It is also rumored that it will have an integrated display into its front panel making it much thinner and lighter. On top of that, it is also believed to have a 64-bit architecture for faster performance and an Intel chip-set just like those in Macbooks.

The tablet will also run on iOS 8 that will come with rumored features and functions such as the split-screen multitasking feature in mobile devices, which will enable users to use two applications at the same time.

Stay tuned here for more iPad Air 2 release date updates.