7-inch iPad rumored for October release, priced at $200 to $250

According to iMore, Apple will release a new 7-inch iPad mini in October of 2012 and will price it around $200 to $250. The reasoning behind the pricing strategy is to mirror Apple's entry and eventual domination of the MP3 player market. A low-cost iPad would do just that and likely put a stranglehold on products like the Amazon Kindle Fire. If you could define the niche occupied by the Fire, one would argue it's price.The source also suggests the 7-inch iPad will remain identical to the current 9.7-inch model, but simply a scaled down version. It would include a retina display with 2048 x 1536 resolution.iMore has had a fair track record when it comes to rumors. If their sources are correct about this being a 7-inch iPad, it would … [Read more...]