Apple Sets Date for Potential iPad Mini Event

NEW YORK ( TheStreet) - Apple ( AAPL) has sent out invitations to a major press event on Oct. 23 which is widely expected to mark the launch of the company's new iPad Mini.

"We've got a little more to show you," declares the invitation, which landed in TheStreet's inbox moments ago, hinting that the tech giant is planning to launch a smaller version of its popular tablet. The invitation features a portion of the Apple logo set against a technicolor background.

The eagerly-anticipated event, which TheStreet will be live-blogging, is scheduled to kick off at 1 p.m. ET at the 1122-seat California Theater in San Jose, Calif.

The iPad Mini is rumored to have a 7.85-inch screen, compared to the 9.7-inch screen on the company's current iPads.

There has also been speculation that the iPad Mini could be priced as low as $299 in the United States to make it competitive with other, smaller tablets. Almost a third of respondents to TheStreet's recent iPad Mini poll, however, predicted that the device will be priced at $349, between the cost of an iPod Touch and an iPad 2.

Apple shares were up more than 2% at $648.20 in recent trades.

-- Written by James Rogers in New York.

>To submit a news tip, send an email to: tips@thestreet.com.

More from Technology

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

Pegasystems Founder Explains Why He Has One of the Hottest Tech Stocks Around

Experts Break Down GDPR Risks for Investors

Experts Break Down GDPR Risks for Investors

4 Billionaires Trying to Make Space Travel a Reality

4 Billionaires Trying to Make Space Travel a Reality

Facebook CEO Mark Zuckerberg Deflects Tough Questions From European Parliament

Facebook CEO Mark Zuckerberg Deflects Tough Questions From European Parliament

These 5 Autonomous Driving Stocks Are Flashing Buy Signals

These 5 Autonomous Driving Stocks Are Flashing Buy Signals