Rumor: Apple to Launch iPad Mini Priced at $249 to $299 In Q3

Kotaku reports that Apple is gearing up to launch a smaller and cheaper iPad mini in the third quarter of this year, according to a report Chinese website – NetEase.

Kotaku reports:

NetEase claimed that the device will be released around the third quarter of this year to “counter attack” the upcoming Windows tablets. The report further claims that the devices will cost anywhere from US$249 to $299 and that there will be an initial 6 million units ready for launch.

Ever since Apple launched the iPad in 2010, there have been rumors that Apple will launch a smaller and cheaper iPad mini.

The chatter of a smaller iPad has only grown louder since Amazon launched Kindle Fire – their 7-inch Android based tablet, which has been extremely successful.

Few days back, John Gruber of Daring Fireball, who has a good track record when it comes to Apple related news, added yet more weight to the rumors claiming that Apple does have a 7.85-inch iPad in their labs during his Talk Show podcast with Dan Benjamin.

In case you missed it, you can check out the mockups of the 7.85-inch iPad here.

What do you think about the possibility of Apple launching a 7.85-inch iPad later this year? Will you buy one?

[NetEase via Kotaku]