Ming-Chi Kuo of KGI Securities in a research note has predicted that iPad Air 3 will be released in the first half of 2016. It will most likely not have 3D Touch functionality because of manufacturing issues faced by Apple.
The research note further states that iPhone 7 will come in end of 2016 – most likely September. It will have 3D Touch display which will be similar to the one in iPhone 6S and iPhone 6S plus.
3D Touch was introduced for first time in iPhone 6S and iPhone 6S Plus as a new feature. It enables iPhone users to perform additional “Peek” and “Pop” gestures and was widely appreciated by many users.