(NEW YORK) — For more than two years Apple has dominated the market for tablet computers. Now it’s feeling the heat from competitors and may be getting ready to introduce a smaller, cheaper version of the iPad.
Last week, Google began shipping the Nexus 7, and Microsoft recently announced it would create a new tablet. Both are likely to compete with Amazon’s Kindle for the less-expensive part of the tablet market.
Apple isn’t standing still.
“The company is developing a new tablet with a 7.85-inch screen that is likely to sell for significantly less than the latest $499 iPad, with its 9.7-inch display,” The New York Times reports.
Copyright 2012 ABC News Radio
Paul Menser, BizMojo Idaho
Julia Horowitz, CNN