Apple to launch iPad mini in third-quarter of 2012?

Apple plans to launch a smaller version of the iPad in the third-quarter of this year, according to a new report. Citing Chinese-language NetEase, Kotaku reports that the device will cost anywhere from $249-$299 and that there will be six million units ready for the launch. Based on prior reports, this smaller iPad would feature a screen roughly seven inches in size—7.85 inches has been specifically mentioned—and would target the smaller tablet market, which includes devices like Samsung’s Galaxy Tab 7 and the Amazon Kindle Fire. According to the report, both Foxconn and Pegatron will be involved in making the device.