Philip Elmer-DeWitt for Fortune Tech writes:
This is a rumor we have no reason to believe except it comes from a major Apple investor who says he’s heard it from “multiple sources.”
According to our source, who asked not be named, there appears to be some truth to the widespread rumors that Apple is preparing to launch a smaller and cheaper version of the iPad — often called the iPad mini or iPad air and usually described as having a 7.85-inch screen.
What our source adds is the specificity of a date: The press, he says, can expect invitations to go out on Oct. 10.
The iPad mini could be on track for a late October release alongside the new iPod touch and iPod nano.