Apple will announced their new iPad 3 at a special event next Wednesday, the device is expected to feature a similar design to the existing iPad 2 although it is rumored to come with a higher resolution display than the existing model.
We heard earlier today that Apple may also continue to sell the iPad 2 alongside the new iPad 3, with a new 8GB iPad 2 available at a cheaper price.
As with every new announcement from Apple we get a bunch of rumors that Apple will also launch a new device later in the year, this time we are being told that Apple have a smaller iPad in the works, the iPad mini, which is rumored to feature a 7.85 inch display and will apparently retail for around $300.
We also heard a similar rumor last year around the time of the iPad 2 launch, and that device never appeared, so we suspect this is nothing more than a rumor at the moment.
Apple could of course launch a smaller iPad at a cheaper price point later in the year, although I think that they are more likely to sell the iPad 2 as a cheaper alternative to the iPad 3, this is something they have done with the iPhone 4S and the iPhone 4.
Source BGR, Digitimes
