Apple is working on an iPad mini, or so says the rumor mill. How mini, you ask? An average yet still very satisfying 7 inches. It will run a bit longer than the iPhone, which measures a small 4.5". It will reportedly be available this fall (to coincide with the release of Windows 8). An estimated 6 million units will be ready for launch, and it could sell anywhere between $249 to $299.

The mini iPad, official name TBA, is in response to Amazon's Kindle Fire. CNET reports:

While Steve Jobs himself has dismissed the notion of a smaller iPad, rumors have continued to pop up that Apple is readying a smaller version of its iPad. The success of Amazon's Kindle Fire, which has sold well largely thanks to its lower price tag, may have convinced Apple that there is an opportunity for a smaller, more affordable tablet. Analysts have said such a device would help it maintain its lead over competitors.

With or without a fun-size iPad, Apple still dominates the tablet market. Last month the Cupertino-based company released the New iPad to critical and commercial acclaim.

KRON 4 Morning News says their Apple source has confirmed the rumors. And with that, any suggestions for names?