Apple is likely to announce the refreshed iPad mini in 2024. Although it may bear resemblance to the current generation iPad mini, the forthcoming version is projected to receive a hardware update.

• As per CNET's report, analyst Ming-Chi Kuo, known for accurate Apple leaks, suggests that the next iPad mini will not be foldable. 
• Due to the higher expenses associated with manufacturing, Apple is unlikely to incorporate foldable technology into the iPad mini until at least 2025.
• This also hints at the possibility of Apple working on its very first foldable device, which will likely be released once the technology is sufficiently developed for widespread usage.

In 2021, Apple revamped the iPad mini with a sleek unibody design featuring slim bezels and integrated Touch ID into the power button. Additionally, it became the first iPad mini to support USB Type-C for charging and data syncing. The device also received the latest A15 Bionic processor, although its GPU and CPU were slightly slower compared to the iPhone 13 Pro. Furthermore, the 6th Gen iPad mini introduced Apple Pencil support (2nd Gen). The upcoming 7th Gen iPad mini is expected to bear a similar appearance to the current model. However, in terms of performance, it will likely feature an upgraded processor, possibly with more RAM and storage options.

Currently, the 6th Gen iPad mini is the most affordable iPad that supports the 2nd Gen Apple Pencil. In India, the 64GB variant is available for around Rs 43,000. Interestingly, the iPad mini is priced similarly to the 10th Gen iPad despite offering a more powerful processor and a superior laminated screen display.