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Apple will introduce a iPad mini in October, Pacific Crest analyst Andy Hargreaves has predicted.

Expected to launch at $299 - $100 more than the Google Nexus 7 – the smaller iPad will boast a 7.8 inch screen and 8GB of storage.

"We anticipate an entry-level 7.85" iPad with 8GB of NAND capacity to price at $299 with an initial gross margin of 31%," wrote Hargreaves in a report published last week. "We estimate Apple will sell 10.0 million 7.85" iPads in FQ1 (Dec. 2012) and 35.2 million in all of F2013."

The launch of the mini would eat into projected sales of the iPad, with Hargreaves cutting its estimates down from 91.6 million units to 65.2 million units in fiscal 2013.

Hargreaves suggests that Apple will cease production of its $399 iPad 2, replacing it with a 16GB iPad mini at a similar price. An October refresh of the new iPad is also expected, offering a lighter battery, oxide TFT screen and new camera location.

Via cnet

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Lew3107's Avatar

Lew3107

Another Apple product? An "upgrade" of existing electronics? Didn't see that coming from these money grabbers! That's why I own no Apple products anymore.
Posted 21:29 on 03 July 2012
Adzwhit's Avatar

Adzwhit

YAWN!! Nexus 7 for me!
Posted 12:15 on 03 July 2012
pblive's Avatar

pblive@ MJTH

I know, I can't understand car manufacturers that make small cars, big cars and vans too. They should stick to one size ;)
Posted 21:05 on 02 July 2012
MJTH's Avatar

MJTH

I don't understand, the I-Pad is a massive Ipod touch with multi tasking anyway, why would you need a smaller version of something that is just the bigger version of something else. Kind of defeats the purpose in my opinion.
Posted 18:21 on 02 July 2012
Neon-Soldier32's Avatar

Neon-Soldier32

But what about if the iPod nano's too small and the iPad Mini is too big - will there be something inbetween them that's good for me?
Posted 17:13 on 02 July 2012
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