The company is developing a new tablet with a 7.85-inch screen that is likely to sell for significantly less than the latest $499 iPad, with its 9.7-inch display, according to several people with knowledge of the project who declined to be named discussing confidential plans. The product is expected to be announced this year.
The NYT also quotes independent analyst Horace Dediu who suggests Apple might position the new device as a giant iPod touch rather than an iPad mini.
Apple declined to comment.
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