During our recent China-Taiwan Tech Tour, we had the opportunity to play with a pilot version of the "iPad Mini" that easily fit into our sport coat pocket. Experiencing a new form factor of an iconic product such as the iPad is a sight to behold and we believe consumer demand will reflect this phenomenon. We expect the "iPad Mini" to be 7.85 inches in size, include two cameras, come with the option of Wi-Fi only or Wi-Fi and 4G/3G, include the new lightening connector, start at lower storage capacity (8GB) than the iPad, sport a more refined back casing, come in slightly different color variation (i.e., similar to iPhone 5) and offer some surprises. We expect the "iPad Mini" to begin at a price point of $250-$300.
Apple is expected announce the smaller tablet tomorrow.