Apple just announced that it will host an event October 23rd, where it is expected to reveal a smaller iPad and a smaller MacBook Pro with retina display. The event will be hosted at the California Theatre in San Jose at 10:00 a.m.
Apple sent out press invitations via email Tuesday. The invitation to the event simply states “We’ve got a little more to show you.” The company is reported to unveil a smaller iPad, dubbed the iPad Mini, with a screen that is a little larger than 7-inches. The current iPad is a little more than 9-inches. A smaller iPad would allow for Apple to better compete in the ever intensifying tablet market.
Google, Microsoft , Amazon and Samsung all offer consumers smaller tablets, but Apple, while still leading the tablet market, has yet to make a smaller iPad. The tech giant is also expected to introduce a smaller MacBook Pro with Retina Display at the event. The current version of the computer is only available in 15-inches, however, Apple is reported to show off a 13-inch model of the laptop on October 23rd.
We consider this more good news for our top-pick G5 Entertainment and our trading ideas Glu Mobile and Bitzio, all of which are app developers. A cheaper iPad will attract a new clientele which in turn is poised to download app.
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