iPad Mini Coming in 2011 at a $400 Price Point

A seven-inch-screened version of the iPad is substantially finished and will be ready for announcement either later this year or early in 2011. Apple has been prototyping devices with screens of this size for a long time—quite possibly predating the original iPhone

The iPad Mini will still not fit in your pant pocket !
And the price of this version is expected to be below $400. The analyst has been in talks with upstream component suppliers and says that this device will  mainly target the eReader market

From ilounge

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