Apple CEO Tim Cook says consumer demand for new iPhones has been "staggering" and "hard to comprehend." That helped the company report record-smashing earnings for its latest quarter and primed its stock for a rally Wednesday.
Forget the iPhone 5. Even though 10 million people will buy one in the next few weeks, that's not exactly at the top of most Santa wish lists this holiday season.
What many more people will want to see in their Christmas stocking is Apple's upcoming iPad Mini, and several reports now say the factories are finally building them.
Pictures show working model
It looks very similar to the current 9.7 inch iPad, but appears to be about two-to-three inches smaller in diameter.
The tech blog Information Week says these latest photos appear to be legit. It says they show a smaller iPad with an aluminum shell and slightly thicker edges than the current third generation iPad.
It has two cameras, front and back, and appears to have a small lightning connector, just like the new iPhone 5 (that will not fit current chargers and docks).
Information Week says the new device should measure 7.8 inches in diameter, similar to a Kindle and other Android tablets.
When will Apple unveil it?
Now the only question is when it will be publicly unveiled, and hit stores. Bloggers expect Apple will hold a major event in mid-October to show it, then will begin selling it by Nov. 1, for around $249 to $299.
That's at least $200 less than the iPad, making it an ideal holiday gift for many families.
As always, don't waste your money.
Don't Waste Your Money is a registered trademark of the EW Scripps Co.
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