Could Apple's scheduled event next week, see the launch of a new product, namely a smaller version of the iPad? Possibly launching at a size comparable to Amazon's Kindle Fire and Google's Nexus 7, this new Apple product is set to take these two tablets head on as well.
Storage capacity and pricing are rumored to start at $249 for an 8GB model base model of this smaller size iPad. Additionally, these new items would only be WiFi-capable and consumers would be able to purchase 24 different models. Of course 8GB is very constricting for additional media files such as iTunes movies (5GB is average for a HD movie via the iTunes service), we can expect this new product to be used as a reading device first and foremost.