Rumors of this product have been rife across the internet and broadsheet newspapers alike for most of this year, with the Wall Street Journal that Apple has already ordered its component makers to produce 10 million devices for the final quarter of 2012.
While competition has been growing since the launch of the company's first iPad back in 2010, Apple is still the market leader. The success of Google's Nexus 7 and Amazon's Kindle Fire HD tablets prove that there is definitely a market for a smaller, more portable tablet -- so the only question is whether or not Apple will be able to compete on price as well as quality. Both the Nexus 7 and Kindle Fire retail for less than $200 whereas the cheapest iPad is currently $399.
PHOTO CREDIT: SonnyDickson