The iPad Mini is likely to come without high definition pixel-packed Retina display screen of the current iPad
Apple is preparing for the mass production of a smaller iPad, dubbed "Mini" by speculators, by September or the end of the year.
The new gadget, which will have a screen that is smaller than 8 inches, compared to the current 9.7-inch screen of the latest version, is expected to compete with Amazon’s Kindle Fire and Google’s Nexus 7 tablet.
The product is unlikely to have the high-definition (HD) screen of the iPad version that was last released in March, Bloomberg reported citing two people know to the matter.
The new device could have a price tag like Google’s Nexus 7 tablet and Amazon’s Kindle Fire, both of which feature 7-inch screens and are sold at $199.
A smaller and cheaper iPad could intensify competition in the tablet market with competitors like Google, Microsoft and Amazon.com eager to gain traction in the marketplace.
Microsoft and Google recently unveiled tablet devices.
In June, Microsoft announced a tablet called Surface and Google launched the $200 7-inch device, the Nexus 7, while Amazon’s surprise tablet Kindle Fire, released last year, remains dominant amongst non-Apple devices.
Apple has maintained its dominant share of the worldwide tablet market, which is predicted at 62% in 2011, according to research firm Gartner which revealed earlier that the computer industry is shifting to tablet devices, at the cost of PCs.