All set for Apple to reveal its magical product iPad in smaller version which is reported to be called as iPad mini. According to a report from Bloomberg, the iPad mini might have a screen between 7 – 8 inches. However, it would not have the all powerful retina display. Bloomberg also says that the product could be launched as early as October.

“For the 7.85-inch panel, there’s a business plan for it, there’s a mass production target for it. And we know that it’s for Apple,” says Richard Shim, an NPD DisplaySearch analyst. Mr. Shim added “I don’t know the name of the product, but I know it’s going to be a tablet”. Shim said ” Production is likely imminent. Everything is getting set up. We know the lines. We know how many panels are going to come out of the sheets of glass.These are supply chain indications. By the very nature of the supply chain, these plans can be altered”

Shaw Wu, an analyst at Sterne Agee & Leach Inc. says that “It would be the competitiors’ worst nightmare. The ball is in Apple’s court”.

Other reports have claimed that the iPad Mini will be priced at $299. Estimates for production runs are about 35 million units in 2013.

With Google and Microsoft revealing their latest tablet devices Nexus 7 and Surface respectively, Its going to be real head-to-head war among the three giants.