The New Nokia 8-inch Illusionist Tablet: To Launch in 2014
File picture shows the corporate logo on a wall at Nokia world headquarters in Helsinki July 9, 2008. Nokia gave an upbeat forecast for its telecom equipment unit Nokia Solutions and Networks (NSN), giving hope for a pickup in what will be the Finnish company's main business after the sale of its phones division to Microsoft. Shares in Nokia rose 6 percent after the company forecast NSN's profit margin would improve in the fourth quarter to around 12 percent, plus or minus 4 percentage points, from 8.4 percent in the third quarter. Picture taken July 9, 2008. REUTERS/Bob Strong

Finnish technology major Nokia is reportedly planning to launch the rumoured 8.0-inch tablet Lumia 2020 early next year.

Taipei based news publications, DigiTimes, citing industry sources has revealed that Nokia would unveil the company's second tablet Lumia 2020 in the first quarter of 2014.

The device, which is said to be 8.0 inches in size, will reportedly pair up with its elder sibling Lumia 2520 (10.1-inch) to tap the ever expanding mid-range and high-end segment market which are pre-dominantly lead by Android (Samsung, Asus and Acer) and Apple products.

The new revelation has now given weight to previous rumours which suggested that Nokia would launch the Lumia 2020 (aka Illusionist) at the MWC (Mobile World Congress) 2014 in Barcelona (24-27 February).

As of now, most of the key specs of Lumia 2020 are still under wraps, but if rumours are to be believed one can expect the device to boast of a 8.0-inch full HD (1920x1080p) display with Stylus support and pack a Qualcomm Snapdragon 800 series CPU.

Once launched, the new Lumia tablet will compete against Apple's iPad Mini, Google-Asus Nexus 7 series as well as LG's G Pad.   

Apart from Lumia 2020, Nokia is also pegged to launch a metal-clad smartphone Lumia 1820 with Lytro-style camera, which allows the user to re-focus on an image after taking a snapshot.

The camera feature sounds very plausible for a company which has produced the best camera phone (Lumia 1020) in the industry, but the firm is yet to respond to reports. Until then, these rumours will remain as speculation only.