Apple are rumoured to be on the verge or releasing a new smaller version of the iPad.  The suggested release date of October 17th, with the devices potentially shipping just two weeks later, would put them on the shelves well in advance of the Christmas shopping period.

While Apple have not confirmed the rumours, as is their usual style, the rumours surrounding the iPhone 5 have turned out to be pretty accurate and the rumour of the iPad Mini has been confirmed by a major Apple investor who claims to have heard the news from various sources.

It is suggested that the new device, possibly to be called the iPad Mini or iPad Air, will be have a less than 8" screen size and a housing made of carbon fibre reinforced plastic.

The price is expected to be around half that of the existing iPad range in order to complete with the Kindle Fire HD and the Nexus 7.

We'll all be waiting anxiously to see if this rumour proves to be as accurate!