Smaller, Cheaper iPad Coming?

    Journalists test "The New iPad" following a live stream of it's US launch, at an event in central London on March 7, 2012.  Following the huge success of the two previous models, the new iPad builds on the developments with a faster processor and much higher screen resolution.  AFP PHOTO / LEON NEAL (Photo credit should read LEON NEAL/AFP/Getty Images)

    Leon Neal, AFP / Getty Images

    Isn’t this just an iPhone? Rumors grew louder on Wednesday that Apple will sell smaller versions of the iPad to keep up with Amazon’s Kindle and Google’s Nexus 7. iPads typically cost around $500, but its competitors are much cheaper—usually in the $200 range—and Apple reportedly doesn't want to lose that market segment. The iPad Mini is expected to have an eight-inch screen, but won't have the high definition "retina display."

    Read it at CNN