“In a recent article by Evan Niu of The Motley Fool, he suggested that the iPad Mini rumors might finally be real. He cited at least three different sources, that indicated that a 7 to 8 inch iPad could be introduced as early as September or October of this year,” Chad Henage writes for The Motley Fool. “The challenge for Apple (NASDAQ: AAPL) is, what to do with the iPod touch if an iPad Mini is going to come to light.”
Henage writes, “Some estimates say Apple could sell as many as 35 million of these new tablets at $299 in 2013, though some cannibalization of the 10 inch iPads would definitely occur. There’s one big problem with Apple producing a 7 to 8 inch tablet, and that is the price point [at which] the company already sells the iPod touch… In the same way that the iPod Touch has destroyed the market share of click-wheel iPods; it seems the iPad Mini, if it comes to light, is destined to kill off the iPod touch.”
Read more in the full article here.