Backing up a TiPB report from last week, Digitimes reports that Apple’s plans for a Retina Display iPad launch this fall have been terminated; if they even existed in the first place. According to the report’s sources, Apple’s initial plan was to produce 1.5-2 million units in the third quarter and 5-6 million in the fourth quarter of a new iPad, but these orders have apparently been cancelled.

The report also believes that plans for the new product’s launch were cancelled due to yield rate issues in the production of the 2048 x 1536 Retina Display. Apple will likely stick to their annual release cycle and release a Retina Display iPad during spring 2012. As you can see in the image after the break, Apple is definitely experimenting with iPad software that meets the higher resolution.

iPad Air 2