Rumor: 7-inch iPad coming in October for under $250?

Following yesterday’s report from DigiTimes claiming Apple had a new 7-inch iPad in the works for August, iMore’s Rene Ritchie today claimed Apple is actually targeting an October release, alongside the next iPhone. He also claimed his unnamed source said the device will launch for $200 to $300 and pack-in a Retina display and specs almost identical to the current iPads:

Apple will be going forward with the 7-inch iPad, currently targeting an October 2012 release alongside the new iPhone, and — here’s the killer — at a $200 to $250 price point… Our source has indicated, however, that the 7-inch iPad will be identical to the current 9.7-inch iPad, just scaled down. That seems to include a 2048×1536 resolution display, just like the new iPad. If accurate, that would put the pixel density at around 326 ppi, the same as the iPhone 4S (and higher than the 264 ppi new iPad) retina display.

Ritchie noted his source is not sure of the exact dimensions, but past rumors indicated a 7.85-inch size could work. According to the report, one way Apple will meet the low price point is to offer the new 7-inch iPad with just 8GB of storage. We are taking this report for what it is until we have some solid proof, but we know iMore’s Ritchie has been accurate with several Apple product launches in the past, including the third-gen iPad and iPhone 4S.

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iPad 2 & iPod touch up to $50 off, Target offering $25 off iPhones on contract

According to an in-store iPhone advertisement in at least one Target location in Orlando, the store is offering $25 off the 8GB iPhone 4 and both the 16GB and 32GB iPhone 4S models until the end of the month. A tipster sent the image above showing the deal is offered for upgrades or on a new two-year contract available through AT&T, Verizon, and Sprint depending on your location.

(Thanks L. Nielsen!)

We are also noticing some of the best prices ever on iPad 2s. When Apple dropped the price of the iPad 2 by $100 (now starting at $399) after the introduction of the new iPad, retailers immediately started slashing prices even further on the last-generation device. We already saw the 16GB entry-level iPad 2 go for as low as $360, and today 9to5Toys pointed us to a 32GB model in white or black for $449 from Go4Computers through eBay Daily Deal. That deal includes free shipping and no tax (outside Florida), and the same goes for the 8GB iPod touch, which is usually $199 but now goes for $169.

If you live close enough to swing by a local Micro Center, it is currently offering the 16GB Wi-Fi only iPad 2 for $359.99.
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