The latest rumor making the rounds is that Apple are getting ready to release an iPad Mini to fight off competition from the Amazon Kindle Fire. The Kindle Fire has been selling well since the pre-orders started a couple of weeks ago, mainly due to its budget price tag.
According Analyst Brian White of Ticonderoga Securities, who has been touring Chinese manufacturing faculties and talking with component suppliers, an iPad Mini is set to be released by Apple in early 2012 which will be cheaper than the current iPad.
“We believe this lower priced iPad could be priced in the mid-to-high-$200 range. We expect this will be followed by a much more powerful, feature rich standard-priced iPad 3 in (the second quarter of 2012).” said White in a note to investors.
Reports are also suggesting the iPad Mini may not be a smaller tablet but a stripped back version of the current iPad with less memory. In October 2010 Steve Jobs criticized rival tablet manufacturers who were selling 7-inch tablets, saying they should ship sandpaper with their 7-inch tablets so customers could file down their fingers to the point where they could hit smaller targets on the screen.
via [Apple Insider]