Information Madness

Apple is pushing for a production of 7.85 inch screen mini iPads in Taiwan. The Economic Daily News of Taiwan reported yesterday that Apple is looking for 7.85 inch displays from LG Display and AU Optronics to make an iPad Mini in the next three months.

This kind of tablet would then compete with Amazon’s Kindle Fire which compares with iPad on a price level. Fire is powered by an Android tablet. Apple has even reduced its iPod Touch prices to match those of the Kindle Fire. Apple is striving hard to make a new product that may bridge the gap between the larger iPad and the small media player.

Ticonderoga Securities has given a hint to keen Apple followers and investors by reporting that Apple is looking for a momentum in the worldwide markets by offering a tablet at a much lower price.

The current iPad is selling for around five hundred dollars in its lowest configuration of 16GB WiFi only. The Mini iPad is expected to be priced around two hundred dollars. It would look attractive for dealers of household appliances and consumer electronics.

Meanwhile, Apple has sold over eleven million iPads during this last quarter with a 166% unit increase over the last year in the same quarter. A low cost Apple iPad Mini will be a big draw in China as well as other developing countries with a major market opportunity in Europe, the United States of America, Japan and Australia.