7-inch iPad hitting the market?

Samsung executive says Yes

There have been a ton of rumors surfacing regarding the possibility of a 7-inch iPad. While Apple hasn’t outwardly said anything about the product, sources suggested that the company has been actively researching information about 7-inch screen sizes and how to create a smaller tablet. In fact, specific companies have even suggested that Apple has already commissioned developers to create certain components. Now more rumors are surfacing and the possibility of a small iPad is inching closer to reality.

These new speculations are coming from Samsung. An unidentified executive with the company is claiming that Apple is in fact already working on the 7-Inch tablet.

Samsung is expecting the tech company to purchase around $9.7 billion worth of components and parts from them. The executive made a more detailed statement to the press, saying; “The contract is expected to rise to $11 billion by the end of this year as Apple is planning to release a smaller iPad, probably with a 7.85-inch screen, and to sell more of its MacBook Air PCs using Samsung’s faster solid state drive (SSD) storage. Apple CEO Tim Cook agreed with Samsung Electronics Chief Operating Officer (COO) Lee Jay-yong to use the Korean firm’s components until the end of 2014 during Lee’s visit to his office in Cupertino, Calif., late last year.”

Apple To Release 7 Inch Or 5 Inch iPads In 2012?

This news has come as a shock to many whom knew Steve Jobs. The late developer was adamant about not producing a smaller iPad. Mr. Jobs felt that the resolutions would not work correctly on a smaller screen and that the Icons and Applications would be much too large and hard to operate. However, it is important to keep in mind that new technologies have come to fruition since Steve Jobs passing, and it is possible to have a 7-Inch screen with a great resolution. There is solid evidence of this in tablets like the Kindle Fire, Nook Tablet, and the Asus Memo 370T.

These statements are still currently speculation and Apple has not commented on the rumors.