Bloomberg among many other smaller sites are reporting that Apple plans to release a smaller version of their iPad this year. The tablet will be between 7 and 8 inches containing a display of 1024 x 768 pixels. Bloomberg’s report matches up with the October date perviously speculated by iMore. iMore additionally stated that the device will cost as low as $199 and $250 for the two models that will be offered. Little information is known, however many people have produced design mockups trying to capture the feel of this possible new device.

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