iPad Air 3
Apple's next iPad Air could sport features found on its larger sibling, the 12.9-inch iPad Pro.Pictured: (L-R) An Apple iPad Mini 4, iPad Air 2 and iPad Pro are seen in the demo area after a special event at Bill Graham Civic Auditorium in San Francisco. Stephen Lam/Getty Images

The highly-anticipated March 15 launch event for the Apple iPad Air 3 and the 4-inch iPhone 5se is fast approaching. Now, fresh information has revealed the chipsets that are expected to power the upcoming tablet and the small-sized iPhone.

According to Bloomberg’s report, the much awaited iPad Air 3 tablet will be powered by Apple A9X chipset. It is the same SoC that is present under the hood of the 12.9-inch iPad Pro. It features a dual-core processor that is coupled with a 12-cluster graphics. Like the iPad Pro, the upcoming tablet is also likely to feature 4 GB of RAM.

The iPad Air 3 is dubbed as a smaller version of iPad Pro since it will be borrowing several features from the large-sized tablet. It will also feature quad speakers like the ones present on the iPad Pro. With Smart Connector onboard, users will be able to attach a Smart Keyboard to the iPad Air 3. Also, it will be the first iPad model to feature a flash for the rear camera.

The Apple A9 is the chipset that powers the latest Apple iPhone 6S and iPhone 6S Plus smartphones. The same chipset is expected to power the 4-inch iPhone 5se. Currently, the Apple A8 chipset has powered iPhone 6 and iPhone 6 Plus smartphones from 2014.

It indicates that the Apple iPhone 5se will be more powerful than the iPhone 6 models. The Apple A9 chip on the iPhone 5se will be supported by 1 GB of RAM. The A9 SoC is 50 percent faster than the older A8 chip. It is expected to be available with a starting price of $500, Apple Insider reported.

Apple has not confirmed on the rumors of a launch event that will be held on March 15. However, speculations suggest that after unveiling the iPad Air 3 and iPhone 5se on March 15, both the devices will be available for purchase by March 18.