iPad mini - available in black/slate & white/silver
A5X - 512mb RAM
7.85" Retina Display w/ 2048 x 1536 @ 326ppi & IPS technology
Facetime HD Camera
5mp iSight Camera & 720p Video Capture
8hr Battery Life
Lightning connector
Wi-Fi ONLY (802.11a/b/g/n)
Anodized 6000 series Aluminum Casing
Shipping Oct. 26th
8GB - $249
16GB - $299
32GB - $349
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Now here's my reasoning. Apple MUST distinguish the 'mini' apart from the current 'new iPad'. The question is how are they going to be able to do so, without taking a step backwards towards earlier Generations of iPad. Now, put your iPod mini era caps on. Cause Apple will do the same thing.
Expect a current A5X processor built in, but with only 512mb RAM. This is required for Retina Display. I don't see Apple NOT going with Retina as it is pretty much their display 'standard' now-a-days and are currently pushing all non-retina devices to this standard. 512mb of RAM will have to do as Apple will be marketing and pushing this toward the light/average consumer, along with children and the Education side of things. Housewives and Children do not need 1GB of RAM to run memory hogging apps such as Photoshop Express, iMovie, and top tier editing apps.
Retina or Non-Retina. I'd have to say Retina. If there was one spec I was not 100% sure of, I would say this one. Like I said above, I don't see Apple NOT going with Retina as it is pretty much their display 'standard' now-a-days. And to highlight this, they are pushing all non-retina devices to this standard. Retina is huge, and makes a product have that 'wow' factor. I hope and pray they include it, as it would really come up short if they did not. Now, to look at it from the other side, remember again the target audience. Do they really need a retina display? Can Apple get away with 1024x768? People say that the exclusion of Retina display will keep the cost down. But I believe a different exclusion will allow this, read on!
Expect a HD FaceTime camera as it is almost a necessity for FaceTiming, as with the VGA camera you could hardly tell what or who you were talking to. FaceTime will be included as it is a neat feature for tablets and I do not see Apple withholding it. Also, 30fps seems feasible.
A 5mp iSight camera seems like a perfect fit, I don't see Apple downgrading picture quality, even though it is on a 'mini' type product. But I wouldn't be surprised if Apple snuck 720p HD Video Capture past us. I personally do not see the need to pack it with full blown HD recording. Again, the light consumer and children are the targeted market here.
I see 8 hours of battery life being plausible. You give and take here. Remember, the battery size itself will be slightly smaller due to the smaller design of the product itself, but will make up with the inclusion of the Lightning connector. Also, with the lack of LTE/3G Cellular connectivity and a slightly smaller Retina Display, I see this battery performing just fine.
Here's the shocker: Wi-Fi models only. In order to keep cost down and to be able to distinguish the 'mini' product from it's older, bigger parent, I see Apple leaving out LTE/3G Connectivity. Remember the targeted audience here. The iPad mini will perform just fine indoors, as that is where it will be meant to be used. This is where Apple will be able to hit that low price tag they are shooting for.
Expect capacities to be moderate. I see an entry level 8GB version coming in under the coveted <$200 price tag. This will be just fine for young children and the education side of things. I see Apple providing two other capacities, 16GB and 32GB for the light consumer. With each increase in capacity, I hope to see a price increase of $50 per jump.
Time will tell.