7.85-inch iPad and Fall Release
The internet is flooded with news and rumors of a new smaller Apple iPad, termed the iPad mini by unnamed sources in the Bloomberg report.
Bloomberg believes the 7.8-inch iPad will feature a 1,024-x-768 display. This follows comments earlier in the month from Pacific Crest analyst, Andy Hargreaves, who also predicted a 7.8-inch iPad this Fall.
“We anticipate an entry-level 7.85-inch iPad with 8GB of NAND capacity to price at $299 with an initial gross margin of 31 per cent. We estimate Apple will sell 10 million 7.85-inch iPads in FQ1 (Dec. 2012) and 35.2 million in all F2013. Based on estimated component order volume, we believe our iPad mini unit estimates are well within Apple’s production capacity,” he wrote.
This new iPad is estimated to be between 7 and 8 inches diagonally and smaller than the most recently released which has a screen size of 9.7 inches.
It is also rumored that this new, smaller iPad will be sold at a deeply discounted rate in order to compete with Google and Microsoft tablets currently on the market.
The new model is expected to be in production in September with a release date as early as October.