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Rumor: Apple to launch 'iPad Pro 2,' red iPhone 7, 128GB iPhone SE at March event

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In addition to new iPads, Apple is also expected to unveil a high-capacity 128-gigabyte iPhone SE — as well as a potential (Product)Red iPhone 7 and iPhone 7 Plus — at a media event in March, a new report claims.

Citing an unnamed source, Macotakara reported on Monday that the minor changes to the iPhone lineup are expected to take place at an iPad Pro-focused event in March.

In addition, the report also indicated that Apple could launch new, seasonal bands for the Apple Watch.

The event is expected to be headlined by three new iPads, most notably a 10.5-inch model that could be the new flagship design. It's believed that the 2017 "iPad Pro 2" will come in sizes of 12.9 and 10.5 inches.

Apple is also expected to offer a more budget-priced 9.7-inch iPad, which could replace the iPad Air 2 at the low end of the company's tablet lineup.

Monday's report suggested that Apple could also introduce a 7.9-inch iPad Pro, but that would contradict earlier rumors suggesting the iPad mini is not due for a refresh. The company's smallest tablet has not been updated since late 2015.

Macotakara has reported on a red colorway option for the iPhone before, but previously suggested Apple could hang on to that until the launch of an "iPhone 7s" later this year. Adding a new color mid product cycle could be a way for Apple to juice sales of the iPhone 7 months before the anticipated refresh.

As for a 128-gigabyte iPhone SE, that would be something of a surprise, since earlier reports claimed Apple would not refresh its diminutive handset this year. A capacity bump would suggest that Apple will stick with the same components, including an A9 processor and the lack of a 3D Touch display, as the iPhone SE that debuted in 2016.

Currently, the iPhone SE maxes out with 64 gigabytes of capacity, priced at $449.

A March event would also be a potential opportunity for Apple to update its 12-inch MacBook with Retina display. That would be consistent with the last two models, which debuted in April of the last two years.

With Apple putting the finishing touches on its forthcoming "spaceship" Campus 2, it's possible that a March media event could be the first-ever hosted at its new corporate headquarters. The company will also hold an event in June, its annual Worldwide Developers Conference, in nearby San Jose, Calif., where it is expected to introduce iOS 11, macOS 10.13, watchOS 4, and tvOS 11.