Many iPad mini rumors have been making rounds of quite a few tech blogs for quite some time now. However, a new rumor has surfaced which might just be enough to satisfy our curious minds.
iPad mini is expected to have a screen size of 7.85 inches and will hopefully come with a price tag of $299.
People say that Steve Jobs was opposed to making a smaller iPad. According to Jobs the idea of a smaller iPad or iPad mini was “dead on arrival” but there is a small possibility that Tim Cook might show some interest in iPad mini due to the arrival of Google Nexus 7.
The Pacific Crest analysts suggest that Apple would probably stop the production of iPad 2 to make room for iPad mini. At the same time, a 4th generation iPad is also being expected with a better screen which will consume less power and will offer either a longer battery life or a lighter battery pack than the tradition iPads with the chances of both happening being higher.
The source of the iPad Mini speculations are the new screens which showed up in the supply chain. If told in specifications the screen is rumored to be an IGZO LCD panel made by Sharp and if Pacific Crest is to be believed then according to them the iPad Mini will launch in October.
As of the iPad mini tech specs, here is what Pacific Crest says, “We anticipate an entry-level 7.85-inch iPad with 8GB of NAND capacity to price at $299 with an initial gross margin of 31%.” The Pacific Crest continues to comment on iPad mini sales, “We estimate Apple will sell 10.0 million 7.85-inch iPads in FQ1 (Dec.) and 35.2 million in all of F2013. Based on estimated component order volume, we believe our iPad mini unit estimates are well within Apple’s production capacity. We anticipate 25% cannibalization of the larger 9.7-inch iPad (for every four 7.85-inch iPads added, we reduced our 9.7-inch iPad estimate by one), so our total F2013 iPad estimate increases to 91.6 million from 65.2 million.”