iPad mini event

Apple Inc. (NASDAQ:AAPL) recently sent invites to a special event taking place on October 23rd, which is likely to be the official conference where they unveil the iPad Mini.

The invitation says the event will take place in San Jose on October 23rd at 10:00 AM Pacific Standard Time.

The iPad Mini rumored  arrival began sometime in the beginning of 2012. This amazing gadget will essentially be a smaller version of the iPad, it’s speculated to measure about 7 inches and feature a Retina display.  The price of the gadget is rumored to be $299, which would make it highly competitive with the likes of Amazon’s Kindle Fire and Barnes & Noble’s Nook.

There is another rumor that Apple Inc. (NASDAQ:AAPL) will introduce a 13 inch MacBook Pro with Retina display and new Mac minis.

It looks like it might be an Apple holiday for all. Last month, they unveiled their sixth generation iPhone and updated iPod entertainment players. Both gadgets are now available for sale at Apple Inc. (NASDAQ:AAPL) stores and most retailers.

Apple Inc. (NASDAQ:AAPL) used to be a brand that was synonymous with upscale clientele and although it still is, it is evident that they are reaching out to everyone by making their products available and more affordable to everyone.  Last summer they did the unthinkable and released iPhone 4s models to prepaid phone makers, Virgin Mobile and Cricket Communications. Although the phones are substantially more expensive than the phones available in the post-paid markets, the phones are now available to those without solid credit.

If Apple’s rumored iPad Mini hits stores sometime next month, it’s likely that they will dominate the entire tablet market including the lower-priced market. It’s also possible that faithful Kindle Fire and Nook Tablet owners will ditch their lower-end tablet computers for a more budget-friendly Apple model. The only concern I think Apple Inc. (NASDAQ:AAPL) might have is that the iPad Mini could outsell and eventually eliminate the need for the iPod Touch.