Rumors are spreading that Apple is developing its miniature version of IPAD in order to compete with Google Nexus 7. This 7 inch tablet "Nexus 7" is priced about $200 for 8 GB version. Nexus 7 is coming up as a tough competitor against Amazon’s Kindle Fire which also is priced about $200. It has elegant screen to read and write and is easy to hold in hands for longer period of time.
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It will be interested to note that what price Apple will charge for its new device. Google and Amazon both are already suffering from loss according to some reports but to capture the market they are sacrificing their time and resources. But will Apple adopt this strategy? Will Apple sell its new IPAD on about $200 to compete the market? Apple considers profit margin as a key strategy. So it might be possible that Apple will start selling with a price tag of about $250 - $300.
Regarding hardware elements, nothing can be said about it. Would it have same display which IPhone 4S has? What kind of features will it have in different versions e.g. WIFI, Cellular versions? It is expected that to cut down costs Apple might ship the IPAD mini with 8 GB of internal storage. Apple already enjoys 22% of the worldwide mobile PC market but Google can really be a challenging competitor as it already is delivering good content and products which are especially liked by Asian market, which are smaller devices and it will serve as a new aid to eCommerce store owners.