iPad Mini headed for October release

It was bound to happen. With the Nexus 7 heating up the tablet wars, Apples now planning to a release a 7.85-incher of its own come October.

A research analyst, Andy Hargreaves spills the beans:

We anticipate an entry-level 7.85” iPad with 8GB of NAND capacity to price at US$299 with an initial gross margin of 31 percent. We anticipate 25 percent cannibalization of the larger 9.7” iPad, so our total F2013 iPad estimate increases to 91.6-million from 65.2-million.

Hargreaves also said that Apple will most likely end production of iPad 2s. The late Steve Jobs hated 7-inch tablets but now that Tim Cook is in charge, any form factor goes. As a winning idea goes, a 7-inch iPad will only makes Apple’s already sturdy position undeniably steadfast.

More

News

Sign up to our newsletter to get the latest in digital insights. sign up

Welcome to Memeburn

Sign up to our newsletter to get the latest in digital insights.