According to an online report, Apple is planning to launch a smaller version of the iPad after the Q1 2011. With the launch of the smaller iPad, Apple will be able to bring the price under 400 dollar price tag.
The device is rumored to sport 5-7-inch display and will target the highly portable mobile device market and the consumers that just want to read stuff while on-the-go. Rumor has it that Apple has already made its prototype that carries a 6-inch display. Read more about this rumored small iPad