Analyst predicts 7.85-inch iPad 'Mini' for October
On the heels of Google's $199 Nexus 7, Pacific Crest analyst Andy Hargreaves is predicting that Apple will introduce a 7.85-inch iPad in October:
"We anticipate an entry-level 7.85" iPad with 8GB of NAND capacity to price at $299 with an initial gross margin of 31%. We estimate Apple will sell 10.0 million 7.85" iPads in FQ1 (Dec. 2012) and 35.2 million in all of F2013. Based on estimated component order volume, we believe our iPad mini unit estimates are well within Apple's production capacity. We anticipate 25% cannibalization of … Read more