Rumour: Apple orders 10 million iPad Minis
Previous reports indicated that the smaller tablet is already in production, and it appears that Apple Inc. believes there will be a strong market demand for a smaller, less expensive tablet during the upcoming holiday shopping season.%VIRTUAL-SkimlinksPromo%
Media invitations to the launch of Apple's newest tablet are expected to be sent out later this week, with the new device introduced on October 17, followed by a launch date of November 7.
Apple, following its long-standing practice, has said nothing regarding these rumors.
Apple's shares are trading down about 1.3% just after the opening bell to $644.13 in a 52-week range of $363.32 to $705.07.
This article originally appeared on Dailyfinance.com.
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