Is Apple Working on an iPad Mini?

The iPhone 4S was announced a week ago, so it’s high time for the Apple rumor mills to start churning out new material. Apple Insider is happy to oblige.

According to a source, Apple was spurred on by the launch of the $200 Kindle Fire (the following vast number of pre-orders didn’t hurt either) to start looking for a lower price point for a new iPad.

Apple’s not looking to make a smaller iPad, just a cheaper one. “We believe this lower priced iPad could be priced in the mid-to-high-$200 range,” the source wrote. “We expect this will be followed by a much more powerful, feature rich standard-priced iPad 3 in (the second quarter of 2012).”

Apple Insider has more: “If Apple were to address a lower cost market in 2012, it would come around the same time that Amazon is expected to introduce a more powerful touchscreen tablet with a larger form factor. The forthcoming Amazon Kindle Fire sports a screen size of 7 inches, compared with the 9.7-inch display of the iPad. In October of 2010, late Apple co-founder Steve Jobs slammed rivals who were building 7-inch tablets, saying the screen size was too small for users. He said that manufacturers of those devices would need to ship sandpaper with their 7-inch tablets so users could file down their fingers to the point where they could hit smaller targets on the screen. ”

Apple Insider