If you thought all of those iPhone nano rumors were bad, and absolutely dreaded every single article about the iPad before it was unveiled by Apple, you’re really not going enjoy this rumor out of Taiwan. According to Digitimes Research analyst Mingchi Kuo’s “upstream component sources”, Q1 2011 will see Apple introduce a newer, smaller model of the iPad. The new iPad will be marketed towards people who want an ultraportable tablet with e-reader and web browsing capabilities but not necessarily all of the features of the full-blown iPad. The device is expected to feature a display in the neighbourhood of 5″ to 7″ and¬†retail for $400 USD.
Geez, does Apple think we’re all made of money?