- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
The plethora of rumors revolving around the premise that Apple (NASDAQ:AAPL) is quietly developing a smaller iPad can’t help but leave the impression that it must be true. After all, while Apple may try to remain secretive about upcoming products and software until revealing them at major events with that distinct Steve Jobs flare, this company doesn’t just have leaks to content with, but floods.
And often the flood of information is right. Last month, at its Worldwide Developers Conference, Apple launched a new MacBook Pro with Retina Display and introduced iOS 6, which abandons Google’s (NASDAQ:GOOG) Maps feature for one built in-house. But none of that came as any real surprise for Apple watchers, as rumors of the upcoming updates had been swirling for months, becoming increasingly more detailed as the WWDC grew closer.
So while it’s always necessary to take rumors with a grain of salt — they are still rumors, after all — the latest seems likely to prove true, if only because so many “rumors” reported by “reliable sources” have proved true in the past.
This time, it’s MacOtakara reporting that a “reliable Chinese source” said that, while the CNC machine testing for Apple’s 7-inch tablet has completed in China, the actual production of the unit will take place at Foxconn’s plant in Brazil, which is currently tasked with building iPhones and certain iPad models.
The source goes on to further detail the manufacturing plans, and quotes September as the expected production start date. While consensus remains on the tablet’s 7.85-inch screen size, little has been said as to the device’s form factor, but this source said what is being termed the iPad Mini will be more akin to a third-generation iPad nano than a shrunken iPad. The prototype device is reportedly the same height as Google’s recently-launched Nexus 7, but is slightly wider with an iPod touch-like thickness that is said to be slimmer than Amazon’s (NASDAQ:AMZN) Kindle Fire.
The source also says the iPad Mini will have 3G wireless connectivity, though the handling list of carriers slated to receive the device reportedly leaves out a few providers that currently sell the iPad.
The source also agreed with a previously-reported rumor that claimed a next-generation iPhone would debut in September.
Apple (NASDAQ:AAPL) shares are trading up nearly 1 percent this afternoon.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.