7-inch iPad rumor won’t die, Analyst believes $249 iPad mini coming this fall
7-inch iPad Mini rumors have been circulating for well over a year, and with the launch of Google’s Nexus 7, iPad Mini rumors are heating up again.
The latest concerns the iPad mini display and price and comes from Pacific Crest analyst Andy Hargreaves, who suggests a 7.85-inch iPad Mini will make its debut in Q4.
Hargreaves believes the iPad Mini will feature 8GB of internal storage and will sell at between $249 and $299 with an initial gross margin of 31%.
The $399.99 iPad 2 model would likely be retired by Apple to make room for the iPad Mini according to Hargreaves. As for amount of iPad Minis to be sold, Hargreaves believes around 10 million in FQ1(Dec. 2012) and 35.2 million in 2013. Total iPad sales would be at 91.6 million.
Hargreaves also predicts Apple’s shares will rise up to $690 instead of $630 which was his previous prediction. An iPad Mini would definitely shake up the tablet market and give the Nexus 7 and Kindle Fire some unwanted competition.
What do you think of the iPad Mini rumors? If it were real would you buy one? Let us know in the comments!