Apple is rumoured to be working on an iPad Mini tablet for release later this year.

Apple is rumoured to be working on an iPad Mini tablet for release later this year.

 
NetEase claims that Apple is planning to release a smaller version of its popular iPad tablet in an effort to undermine the launch of a Windows 8 tablet.
 
The smaller iPad is expected to feature a 7.85-inch display, compared to the 9.7-inch display of the previous three models.
 
Perhaps more significantly, the iPad Mini will reputedly carry a much lower price tag of between $249 and $299, opening up the lower end of the market to Apple. However, this will still be more expensive than Amazon's Kindle Fire, which retails for just $199.
 
 
The lower price will likely also mean a lower spec, but no details about the hardware have been revealed. Apple is apparently hoping to ship six million units of the device for its initial batch.
 
The iPad Mini is expected to be released in the third quarter of this year, possibly to coincide with the rumoured release of the iPhone 5 at the same time.
 
Source: CVG