If you have been dreaming of the day when Apple comes out with an iPad like devise that is smaller than its original but larger than the iPhone, then get excited, and maybe take some time to reevaluate your dreams.

Don't get me wrong the devise sounds cool and all, but I just find it amusing how infatuated people are with mini versions of just about anything.

Reports say the new mini iPad will be less than eight inches tall. The current iPad has a 9.7 inch screen, and the current iPhone has a 3.5 inch screen. The downfall on the mini versus the standard is it will lack the high-resolution display.

There is speculation that Apple will announce the new product officially in October.

Start saving your pennies now, you know it won't be cheap.