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7-inch iPad on track for October 2012 release
Posted: 11-May-2012 [Source: imore.com]

[imore reports Apple has plans to launch a scaled-down version of its 9.7" iPad in the $200 to $250 price range.]

By Rene Ritchie (imore.com) -- "Apple will be going forward with the 7-inch iPad, currently targeting an October 2012 release alongside the new iPhone, and -- here's the killer -- at a $200 to $250 price point. According to our sources, the reason for such aggressive pricing is to do to the tablet market what Apple did to the MP3 market in 2004 with the expansion of the iPod product line -- leave absolutely no space for competitors."

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