Taiwan’s Economic Daily News reported that Pegatron Corporation (TPE:4938) gained a contract to manufacture around 50 to 60 percent of the iPad Mini. According to the report, the Taiwanese company already started producing the 7.85-inch tablet to meet the scheduled launching of the product by the end of October.
The report also cited that Foxconn Technology Co., Ltd. (TPE:2354) will produce the remaining percentage of the iPad Mini. The company was the only iPad producer not until Pegatron got its contract to manufacture the smaller tablet. Foxconn is also the largest producer of Apple’s iDevice.
According to the report, both companies will be able to produce 5 million iPad Minis every month.
Both companies will be producing millions of Apple products. This year alone, Apple Inc. (NASDAQ:AAPL) is expected to ship 53 million units of iPhone 5.
Last week, a mock-up image of the iPad Mini was leaked and published in different technology websites. According to reports, the gadget was designed to compete with Amazon.com, Inc. (NASDAQ:AMZN)'s Kindle Fire.
The iPad Mini continues to stir the curiosity of consumers and the press covering the technology industry. Apple’s Inc (NASDAQ:AAPL) silence regarding the features and the pricing of the product is an effective strategy to increase consumer and media attention regarding the gadget at the same time obliterating the popularity of its competitors’ tablets.
Rumors indicated that the iPad Mini comes with aluminum back casing, 9-pin connector, camera and two speakers at the bottom the device. Many are curious the gadget will feature the retina display and HD video recording capability.
Some technology analysts speculate that the iPad Mini will cost around $249 to $399.