) --If there are any doubts about the

iPad Mini

being a hit for


(AAPL) - Get Apple Inc. (AAPL) Report

, those doubts can be put to rest.

The Wall Street Journal


that Apple is ordering up to 10 million units of the iPad Mini for the fourth quarter, according to some Asian component suppliers.

One of Apple's Asian suppliers,

AU Optronics


, is getting ready to ship 4 million panels for the iPad Mini in the fourth quarter, according to



Apple's iPad Mini: What It Means for Investors

Although Apple hasn't confirmed the existence of the product, many details have already leaked via sources. The tablet is expected to have a screen size of 7.85-inches, while the larger iPad has a 9.7-inch screen. It will look very similar to the larger iPad.

Apple is reportedly expanding its tablet offerings, as it seeks to compete with


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on the lower end.

The iPad has 68% of the tablet market, according to


and a smaller iPad would allow Apple to continue to grab even more market share as its competitors nip at its heels on the lower end.

Pricing of the device is not known yet, though some are expecting Apple to make it competitive with other smaller tablets, perhaps as low as $299. Recently,


polled readers

asking what they expect the device will cost. Just more than 30% of those surveyed expect Apple will charge $349 for the iPad Mini.

Apple shares were lower in premarket trading Monday, off 0.6% to $648.69.

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Written by Chris Ciaccia in New York

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