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The Apple logo is pictured at the company's flagship retail store in San Francisco. Reuters/Robert Galbraith

Apple is rumored to be working on iPad Air 3 as a leaked schematic of the purported tablet has surfaced indicating that it will be arriving with new features like quad speakers and LED flash for its rear camera.

Citing French tech blog, Nowhereelse as its source, Apple Insider has reported that the iPad Air 3 will be launched with some new features. One of them is inclusion of four speakers, a feature that is already available on the recently launched 12.9-inch iPad Pro.

The other rumored feature that is expected to arrive on the iPad Air 3 is a single LED flash for the rear camera. The source has not mentioned whether the iPad Air 3 will arrive with an improved camera. Hence, it is likely that it will feature the same 8-megapixel camera that is available on the iPad Air 2.

Like the iPad Pro, the iPad Air 3 will not be arriving with a 3D Touch technology display. Rumors are suggesting that the Apple A9X chipset and 4 GB of RAM that are present under the hood of the iPad Pro will also power the upcoming iPad Air 3 tablet.

Early speculations suggest that the Cupertino company will launch the iPad Air 3 with a lowest storage version of 32 GB. It means that the tablet won’t be available in 16 GB option. As far as the build of the iPad Air 3 is concerned, it is expected to be slimmer and lighter than the predecessor model.

Early Apple iPad Air 3 rumors suggest that it will be launched with the 4-inch iPhone 5se smartphone in the first half of 2016. The iPhone 5se is said to arrive with features like 4-inch display, A9 SoC, M9 co-processor, 16 GB and 64 GB storage variants, 9 to 5 Mac reported.