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7-Inch iPad Priced at $200-$250 Scheduled for Release This October [RUMOR]

When it comes to tablet devices, one can say that the iPad is considered one of the products that fall into the category of "must haves". Apparently, consumers feel the same way as well because the iPad is currently the dominating force when it comes to tablet market share. But for some people, the iPad is simply way too expensive which is why lower-end devices such as Amazon's Kindle Fire has been enjoying a fair bit of success. Rumors of a cheaper iPad has been circulating for quite some time now, and now a website claims that they have inside scoop regarding this particular rumor.

iPad Mini Cheaper iPad
According to a report by iMore, they have sources claiming that a 7-inch iPad is well on its way and that it will launch alongside the 6th generation iPhone in October. Perhaps the most interesting tidbit is that the downsized Apple tablet will be priced at $200 to $250, effectively placing it head-to-head with other devices in the entry level market. Allegedly, this move of Apple is for the purpose of expanding the iPod product line and to shut down all competitors.

iMore's sources add that the 7-inch iPad will be identical to its regular sized counterpart but simply scaled down. It could possible sport a 2048 x 1536 resolution which is what the new iPad supports. But having such a device with such size and density seems to be not plausible considering that the 3rd-gen iPad is sold for $500. But it is speculated that Apple will offer limited storage capacity for the cheaper iPad. So if this rumor turned out to be true, then we could be looking at a 7-inch iPad having 8GB of storage and priced at $200 to $250.

Having a downscaled, cheaper iPad does make sense for Apple as it will tremendously help them dominate the entry-level market as well. [via iMore]

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