Samsung Official Confirms the Launch of a Smaller iPad?

In a wide range of Apple gossip, even the company's rivals feel the need to get involved. The latest push of the rumour mill comes from a Samsung executive, who for obvious reasons, wishes to remain anonymous. He (or she) confirmed for The Korea Times that Apple plans to release a smaller iPad with a screen size of 7.85 inches.

The rumours are not entirely new, as many sources from Asian supply chains, analysts and insiders, have been chatting about this for months. The novelty is the information that Apple already closed $9.7 billion deals for the components, including parts dedicated to the smaller iPad. According to the demand for the iPad mini, Apple is apparently prepared to up the orders.

"The contract is expected to rise to $11 billion by the end of this year as Apple is planning to release a smaller iPad, probably with a 7.85-inch screen, and to sell more of its MacBook Air PCs using Samsung's faster solid state drive (SSD) storage," detailed the mysterious source.

The little piece of information could have some truth to it, considering that Apple's CEO Tim Cook and Samsung Electronics Chief Operating Officer (COO) Lee Jay-yong closed a deal last year. The two powerful executives agreed last year that Apple would use components made by Samsung for the next three years.