The first version of the tablet PC only hit US shelves at the beginning of this month and won't be available to Brits until the end of May.
However, technology website Digitimes is claiming that sources in the component industry suggest the second version of the device will use "the same design concept as for the iPhone 4G" and come with an OLED panel.
Will the next version of the iPad feature an OLED screen?
Samsung and LG, which bought Kodak's OLED business late last year, are both currently producing OLED screens and Digitimes' source claims OLED panel prices are expected to drop in the coming months making the technology "more price friendly".
However, Mingchi Kuo, a senior research analyst at Digitimes believes the use of OLED screens will cause a problem for the iPad 2.
Kuo said that the current price of the 9.7in LCD panel for iPad is between $60 and $70 (£39 and £45). However, a 9.7in OLED panel costs around $500 (£325).
Kuo said the price gap is unlikely decrease significantly in 2010 or 2011.
The iPhone 4G is expected to be unveiled in June this year. However, tech enthusiast site Gizmodo claims to have got hold of the smartphone in advance. The website disassembled the handset and published a detailed blog entry saying it is "the real thing".
The website also published a letter from Apple demanding the return of the device.