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[video] Quick Take: New iPad Expected on Oct. 22

Stocks in this article: AAPL MSFT NOK

NEW YORK ( TheStreet) -- Apple (AAPL) has an event scheduled for Oct. 22, and Mark Gurman, senior editor at 9to5Mac tells TheStreet's Brittany Umar to expect new iPads.

It's been about a year since Apple refreshed the iPad, and Gurman said he expects changes but nothing overwhelming.

For the full-sized iPad, he said it'll likely be thinner and lighter, while the iPad Mini will be faster and -- he hopes -- come with the high-resolution Retina Display.

The timing of the event is interesting. Nokia (NOK) has an event scheduled for that day, and it's also the first day Microsoft's (MSFT) Surface 2 tablet goes on sale.

Gurman said that it's not surprising Apple is doing a product refresh now, because it fits the company's usual pattern. He said the timing is merely a coincidence -- and a convenient one at that.

He said that while the Surface 2 will fill some niche pockets of the tablet market, it's not a huge seller. The iPad refresh should be a good move ahead of the holiday season, however, he said.

Apple is also expected to reveal more information regarding the next Mac operating system and perhaps the new Mac Pro desktop computer, Gurman concluded.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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