Long before we had heard some rumors about iPad Mini. Now those rumors have resurfaced again. According to iMore, Apple is all set to launch a 7-inch iPad in October. Reports further states that the talked about iPad mini will be priced at $200 – $250. Smaller iPad rumors have been doing rounds from 2010 when the original iPad was launched, but times have changed. Cheap Android tablets have flooded the market and Apple might introduce a 7-inch tablet, low cost tablet to clear its competition.