The iPad’s kid brother could be introduced October 23, 2012 at an Apple Event.
Apple recently sent out invitations for an Oct. 23 event at which the tech company is widely expected to unveil a sized down version of the iPad. The invitation contains the phrase, “We’ve got a little more to show you."
Rumors have persisted about the existence of the "smaller" iPad. According to a recent Wall Street Journal story, the tablet will have a 7.85-inch screen with a lower resolution than the latest iPad released in March.
The screen on the current iPad measures almost 10 inches diagonally, a size that hasn't changed since the first model was released in 2010.
Apple has sold almost a 100 million iPads since its first release. The company aims to capitalize on that growth with the mini version, a somewhat smaller price tag might bring in new buyers worldwide.
The new "iPad Mini" is expected to help Apple compete with cheaper tablets with smaller screens. The Kindle Fire as the most popular of these products to date. An entry-level iPad 3 (or "the new iPad,") with 16GB of storage space and without 3G wireless connection sells for $499. Models run as high as $829.
The Kindle Fire is half the price of Apple's cheapest iPad. Will Apple get the starting price low enough to capture a new audience and continue to boost App and iTunes sales? Find out October 23rd at a live blog event near you!