A new round of Apple rumors and leaks are suggesting what some tech observers have been predicting for the past year: that a smaller, less expensive iPad is on the way.
The talk of a 7-or-8-inch version of the popular tablet (the current model has a nearly 10-inch screen, diagonally), comes on the heels of Google announcing plans for the Nexus 7, its own smaller tablet that will be more in the mold of Amazon's Kindle Fire.
The Nexus 7 will have a 7-inch screen and sell for $199 like the Fire, which has been one of the few iPad rivals to gain any real traction in the tablet marketplace.
On Wednesday, Bloomberg was quoting "two people with knowledge of the plans" who said Apple will release a smaller iPad by the end of the year.
The so far the imaginary, or at least never-seen, device has been dubbed the "iPad Mini" by speculators in light of the iPod of the same name. The sources said the gadget will have a screen between 7 and 8 inches wide, and one said that it will not have the high-definition "retina display" screen of the new iPad.
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