To the rumors related to the tablet iPad Mini contribute today the American analysts who believes that the product would be available in stores at the price of $299. The tablet would have a storage space of 16 GB and its price would be between the $199 of the cheapest iPod Touch and the $399 of the iPad 2. Basically, Apple would include the iPad Mini as an intermediate product between the iPod Touch and iPad, and its listing price would be $100 higher than that of Google Nexus 7, although that tablet only has 8 GB of storage space.
Gene Munster with Piper Jaffray believes that Apple's rumored smaller iPad would be priced at $299 with 16 gigabytes of storage, given the company's $199 8-gigabyte iPod touch, and its $399 16-gigabyte iPad 2. Sandwiched right in the middle of those two existing products, he sees a smaller iPad cannibalizing 10 percent of existing iPad sales, but also taking away 30 percent of total Android tablet sales in the December quarter. We believe this implies that Apple could sell 4-6 million smaller iPads in the December quarter, assuming a holiday launch. If the launch occurs in (the fourth quarter), we believe the smaller iPad would add about 1% to revenue and (earnings per share) in December.
In terms of sales, American analysts estimate that the tablet could be sold in 4-6 million copies and would represent approximately 10% of the total annual sales of iPad tablets. Practically, the iPad Mini would further fragment the offer from Apple, it would give even more headaches to an undecided consumer, but it would give many people the opportunity to purchase a cheap iPad tablet. For now, it's hard to say if Google Nexus 7 sales will suffer, but anything is possible. The popularity of this product will matter a lot applications available in the Apple App Store, this being one of the main reasons why users consider purchasing iDevices.
