Rumor of the Day: Sub-$300 iPad Mini to Launch Later This Year

I know, I know not another iPad Mini rumor. We can’t help ourselves. We love rumors about Apple products. That’s why we do what we do here at PadGadget. You know you love them too, or you wouldn’t be reading this post.

Today’s Mini rumor is that the alleged device will be released in the third quarter of 2012 at a cost of between $250 and $300.

The rumor was originally posted to Chinese-language website NetEase and translated by Kotaku. The repot claims that the iPad mini, scheduled to ship later this year, already has an estimated six million units on order. According to NetEase, the smaller iPad gadget is being released to “counter attack” the upcoming Windows 8 tablet that is also set to launch later this year.

Foxconn and Pegatron are rumored to be the two companies contracted to manufacture the 7.85-inch tablet with a 1024 X 768 screen resolution, just like the original iPad and the iPad 2. Apple Insider pointed out that the lower pixel resolution would allow the device to run iPad and iPad 2 compatible apps without the need for a rewrite.

Personally, I don’t see this rumor coming true. Former CEO Steve Jobs already famously said a small tablet would be “dead on arrival” in a 2010 quarterly earnings conference call and it is hard to believe that Apple would up and change its mind. Its not like the new iPad is showing poor sales numbers. Who knows, though. Maybe we’ll all be eating our words soon. We’ll find out later this year.

About Lory: Writer of all things app related, traveler of the space-time continuum, baker of really great cookies. Follow me @appaholik