iPad Mini Coming Soon?

Watch out Kindle Fire, Apple is rumored to be working on its own 7-inch tablet device. In the vein of the iPod Nano, the iPad Mini would be a smaller and more compact and would come with a cheaper price tag. Some are saying, as low as $249.

Apple Insider has more details: “A new report out of China claims Apple is gearing up to build 6 million units of a new, smaller iPad to launch in the third quarter of 2012. The new device will be priced at either $249 or $299, according to Chinese net portal NetEase, as translated by Kotaku. The device is said to be intended to ‘counter attack’ upcoming tablets running Windows 8.”

If it is anything like the new iPad, the iPad Mini will also come with a very high resolution screen.