A 7-inch iPad will be available in August, reports DigiTimes.
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While it's quite possible that this is the case, we're completely skeptical. The report also says a new 10-inch iPad is coming by the end of the year. That doesn't seem very likely as Apple likes to stick to a yearly release schedule for the iPad. (The current iPad launched in March.)
Apple reportedly ordered parts from equipment manufacturer Pegatron for the 7-inch iPad.
The report also says Pegatron will start making parts for the next iPhone, which is due in September.