As expected, the launch of the Google Nexus 7 tablet has sparked off yet another series of rumors about a low end tablet by Apple, also known in the tech press as the iPad Mini.
There have been a lot of rumors so far about the fabled iPad Mini, which Apple will supposedly launch to reign supreme over the entire tablet market, by grabbing even the budget segment from the hands of Google’s Android.
The new rumors suggest that the iPad Mini is already in the works, and will sport a 7.85 inch Sharp IGZO display panel, which supports Retina display resolutions.
Apple will price it in the $249 to $299 range to compete with the likes of the Google Nexus 7 and the Amazon Kindle Fire. It is supposed to be unveiled later this year, but we would take this rumor with a pinch of salt.
Apple has already managed to almost perfectly optimize its production processes for the iPad. We expect it to drop prices on older iPads to target the budget market rather than launching new variants.
With each new iPad, Apple just drops the price of each older variant by $100 or more. That might be the best way to maintain a consistent experience across devices while ensuring minimum fragmentation. It also enables Apple to maintain its high margins by minimizing costs.
And rest assured, Apple will never take a hit on each unit sold, like Google or Amazon. It doesn’t need to.