iPad mini will be launched in early November; Rumors

Apple Inc. is going to send invitations for its iPad mini, a smaller and cheaper version of iPad, through emails on October 10 as reported in a rumor by CNNMoney from the unnamed sources and the major Apple investor.

“This is a rumor we have no reason to believe expect it comes from a major Apple investor who says he’s heard it from ‘multiple sources,'” wrote Philip Elmer-DeWitt.

The event of the new product is estimated for October 17 and the launch day of the new iPad is set to be on November 2, Friday.

“That timing is fine for the holidays,” said Brian White, an analyst with Topeka Capital Markets. “And the timing is within the ballpark that people were thinking.”

“I think that’s late, but not terribly late,” said, Ezra Gottheil, of Technology Business Research, of the projected Nov. 2 sale date. “Ideally, you’d like to have a product in place for at least a quarter prior, so that you can tap people who are making decisions long before they buy.”

This new iPad is also referred to as iPad air by some and is expected to have a 7.85 inch screen. Its price is thought to lie between $249 and $299.

Investment firm Jefferies also expects the launch of iTV in the first quarter of 2013 based on the launching date of the iPad mini.