According to “The Telegraph” Apple plans to release a 7-inch version of the iPad in October 2012.
The following details were shared by Apple iMore blog.

7-inch version of the iPad will have the same screen resolution 2048×1536 as the new iPad 3 and will be priced at $ 200 – $ 250. The “mini iPad” is going to be almost identical to IPad 3 except the size of the screen. Sales of Apple 7-inch iPad will start in October 2012. iMore often writes news about the corporation Apple, which are subsequently confirmed.

Apple has already introduced three versions of iPad tablets. All of them were equipped with 9.7-inch screens. 7-inch mini iPad may become a powerful competitor of the popular Kindle Fire tablet from Amazon and other Android tablets.

iPad3 Galaxy Tab 2 Kindle Fire

The former head and founder of Apple Steve Jobs said some time in the past that the Tablet PCs with screen sizes of 7 inches will look like “depressing version of an existing iPad». According to him such products may not bring any benefits to the company.

Is 7-inch mini iPad going to be as successful as previous Apple tablets? Good question. Apple has built a loyal customer community by engineering superior products that often become very popular. On other hand Amazon Kindle Fire and Samsung Galaxy Android tablets are pretty powerful competitors of “mini iPad” and have their own fun clubs. In addition Amazon is the leader in the world of digital content such as books, movies and music