iPad nano in the works

Online communities are buzzing with the news that Apple will be bringing out a new iPad by the end of the year. According to the Chinese paper Economic Daily News, which correctly predicted the specifications of the initial iPad, Tawainese companies have won contracts to produce a slimmed down iPad by the end of the year – a kind of iPad nano with a seven-inch screen instead of the current 9.7-inch display. The smaller version will also reportedly cost less.