More iPad Mini Rumors: 7 to 8-Inch Display With 1024×768 Resolution, Launch in October

The iPad mini rumor mill is working overtime.

Ever since Apple launched the iPad in 2010, there have been rumors that Apple will launch a smaller and cheaper version of their tablet – unofficially dubbed iPad mini.

The chatter has gotten a little louder ever since Amazon launched their Android-based tablet – Kindle Fire and the launch of Nexus 7 last week

Yesterday, a report claimed that Apple will launch a smaller iPad with Sharp’s IGZO Display for $249 – $299.

Since then Wall Street Journal who has a good track record when it comes to Apple related rumors and Bloomberg have also chimed in to add some more credibility to the possibility of Apple launching an iPad mini later this fall.

WSJ reports:

Apple Inc.’s component suppliers in Asia are preparing for mass production in September of a tablet computer with a smaller screen than the iPad, people familiar with the situation said, suggesting a launch for the device is near.

Two of the people said that the tablet’s screen will likely be smaller than eight inches. The iPad’s screen measures 9.7 inches, unchanged since the first model was released in 2010.

Bloomberg has also claimed that according to their sources Apple will introduce the smaller iPad in October:

The new model will have a screen that’s 7 inches to 8 inches diagonally, less than the current 9.7-inch version, said the people, who asked not to be identified because Apple hasn’t made its plans public. The product, which Apple may announce by October, won’t have the high-definition screen featured on the iPad that was released in March, one of the people said.

Bloomberg claims that the smaller iPad will have the same resolution (1024×768 pixels) as iPad 2 and the original iPad.

What do you think about the possibility of Apple launching a smaller iPad? Will you buy one?