Rumor has it that Apple is going to release a smaller version of the iPad. This smaller version is said to be available in late 2012. This is to coincide with the release of the iPad 3. This new smaller version will be a 7.85 inch model. Is there a need for a smaller iPad. Will Apple offer this model at a lower price? Apple would have to re-resolution of it’s user interface for this smaller screen. This of course is a rumor. We have heard these rumors before. What do you think? Readers, please feel free to leave any comments that you have.