Apple reportedly has plans to launch two new iPad models next year according to a recent report. Set to be unveiled at a press conference in January, the two new iPads will join Apple’s iPad 2 to create an iPhone like tablet lineup. The iPad 2 will remain available at an entry-level price point, DigiTimes claimed citing unnamed industry sources, while new mid-range and high-end iPad models will launch early in 2012. Both new iPads will feature dual-LED backlit 9.7-inch displays with a resolution of 2,048 x 1,536 pixels. It is unclear what features might distinguish the new mid-range iPad from the high-end model. The report also claims that Apple’s rumored 7.85-inch iPad will not be among the models to launch early next year. Wedge Partners analyst Brian Blair recently said in a note to investors that Apple would continue to sell the iPad 2 at a lower price point following the launch of its next-generation tablet model.