NEW YORK (

TheStreet

) --

Apple

(AAPL) - Get Report

is widely expected to unveil its new

iPad Mini

at a glitzy press event in San Jose, Calif. on Tuesday.

"We've got a little more to show you," declared the invitation, which landed in

TheStreet's

inbox earlier this month, hinting that the tech giant is planning to launch a smaller version of its popular tablet.

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 in the $249 to $299 price range 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 is already the

dominant force

in the tablet market, with 68% share, according to research firm

IDC

. A smaller version of the iPad, however, would bolster Apple's arsenal against tablet rivals such as

Amazon

(AMZN) - Get Report

,

Google

(GOOG) - Get Report

and

Barnes & Noble

(BKS) - Get Report

.

The iPad has been a phenomenal success for Apple since its launch in early 2010. The gadget maker has sold 84 million of the devices through the end of its June quarter this year. iPad sales accounted for 26% of Apple's total revenue during the quarter, with the Cupertino, Calif.-based company selling 17 million iPads, a quarterly record.

With Apple preparing its headline-grabbing launch event on Tuesday, we'd love to get your thoughts on the rumored iPad Mini.

TheStreet

will be live-blogging Apple's product launch, starting at 12.30 PM ET on Tuesday Oct. 23.

--

Written by James Rogers in New York.

Follow @jamesjrogers

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