Bloomberg: Low-cost iPad to be unveiled by the end of the year

Rumors about an inexpensive mini-version of the iPad have been around for a long time, but this time Bloomberg writes about them. According to agency sources, Apple plans to launch a tablet that will be smaller and cheaper than a regular iPad by the end of the year in order to maintain dominance in the tablet market, while Google and Microsoft are preparing their similar devices.

The new model, reportedly, will have a screen with a diagonal from 7 to 8 inches, that is, smaller than the current 9.7-inch version. At the same time, the screen resolution will be the same as in iPad 2 . The new tablet Apple may submit in October.

Experts polled by Bloomberg say that an inexpensive iPad could undermine the hopes of Google , Microsoft and Amazon to strengthen the tablet market: "That would be the worst nightmare of competitors." The price of the new device will probably be close to the price of the 7-inch Google Nexus 7 and Amazon Kindle Fire tablets, which cost $ 199 each.