Apple prepping iPad Mini to combat the Nexus 7 says Bloomberg

To maintain its dominance in the tablet industry, Apple intends to release a smaller iPad dubbed the iPad Mini sometime later this year. According to sources with knowledge of the plans, Apple intends to compete with the newly launched Nexus 7 and Microsoft’s upcoming range of tablets.

Bloomberg reports that the tablet which could be sold for as low as $250 would have a screen in the 7-7.85″ range. The larger iPad currently dominates the tablet computing market with wide consumer and enterprise adoption. Competing products like the Kindle Fire and the Nexus 7 however are expected to make cuts into Apple’s market share due to their compelling price points. Priced at $199, it is possible to get two of these tablets for less than the price of a current generation iPad. Apple is expected to announce its new tablet in October.

Dhruv Bhutani is a technology enthusiast who tries to keep a tab on the latest and greatest in the mobile and telecom sector. He is currently using an HTC One X, Nokia PureView 808. Catch him on Twitter @DhruvBhutani , you can also reach out on Facebook or Google+.