There have been more rumors flying around this weekend about the iPad mini, which is expected to be a smaller iPad tablet to compete with the 7″ Amazon kindle fire and the 7″ Nexus tablet. This latest rumor is from the New York Times and their sources insist that this product will be very competitively priced.
This is a different line than Apple has taken in the past under Steve Jobs usually not wanting to do anything less than the premium product in the market. However it could be seen that they just don’t want to lose their strangle hold over the tablet market, so they are doing anything they can to ensure this.
Below is what the report from the NYT had to say about the product:
The company is developing a new tablet with a 7.85-inch screen that is likely to sell for significantly less than the latest $499 iPad, with its 9.7-inch display, according to several people with knowledge of the project who declined to be named discussing confidential plans. The product is expected to be announced this year.