In response to competition from Amazon and Google's seven-inch tablets, Apple is reportedly releasing an iPad Mini in October.
The shrunken version of the standard 9.7-inch iPad will feature a 7.85-inch display and cost customers $299 if they are looking for 8GB of memory.
Steve Jobs' successor, Tim Cook, was not a huge fan of the smaller screens, but has decided to launch the product to compete directly with Microsoft's Surface.
Apple is also releasing the new iOS 6 operating system during the same month, which is prompting expectations for yet another iPhone.
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