The Apple iPad Mini may be on its way according to Chinese web site NetEase. The report suggests that Apple will launch the 7.85 inch iPad mini with six million units at $249 or $299 this fall in order to compete with Microsoft's upcoming Windows 8 product line, as well as Amazon's Kindle Fire. Apple of course hasn't announced whether or not they're working on the product.
The report didn't go in to detail on the iPad Mini's specs other than its screen size, and that it could have a 1024x768 display (the same as the iPhone and iPod touch). As more info is revealed, we'll update you on the alleged iPad Mini.
I think it will be interesting to see how Apple's potential product will do in the smaller tablet market space.