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News

22 October 2012

Apple announces likely iPad mini event on Oct. 23

Apple announced that it has scheduled an event for Oct. 23, at which it is widely expected to introduce a smaller version of the iPad, dubbed the "iPad mini."

The "iPad mini" is believed to be a seven-or-so-inch tablet with a sub-$300 price tag. Apple's current iPad lineup starts at $399 for the year-old iPad 2 and $499 for the third-generation iPad, both of which have a near-10-inch screen.

Since the iPad debuted in 2010, no tablet challenger has come close to unseating it. Apple held a 70% share of the tablet market in the second quarter, according to the latest data from IHS iSuppli.

Only Amazon with its Kindle Fire, has made even a dent in the tablet space. Google with its Nexus 7, could also be a contender, but shipment figures for its device haven't yet been released. Both the Kindle and the Nexus tablets have seven-inch screens and are priced at $199. 

http://money.cnn.com/



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