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Apple plans 5- to 7-inch $400 iPad for early 2011

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Apple could be planning a smaller, cheaper version of its iPad tablet device with a screen size of 5-inches to 7-inches, and a price under $400, for launch in the first quarter of 2011, according to a new report.

Citing its senior analyst, Mingchi Kuo, DigiTimes reported Thursday that Apple is “expected” to release the new device in early 2011. Kuo cited “talks with upstream component sources,” who said the device will focus mostly on reading and other mobile tasks that do not have a “high demand” for text input.

Full story: Apple plans 5- to 7-inch $400 iPad for early 2011 – AppleInsider