The Cupertino-based tech giant seems to be planning a big surprise to its customers and fans of iOS devices. It will happen on October 23^rd. The big event hosted by Apple next Tuesday should release the new iPad Mini that should be offered for a lower price than its bigger brother. Update: If you are looking to watch iPad Mini presentation online or on Apple TV you can use the link bu remember that you can watch it only on Safari and Mac OS. The release of a smaller tablet computer will let Apple compete with other market players such as Google and Amazon that offer low-cost gadgets to consumers from all over the world. Their tablets are less expensive than the iPad 3 thus they are sold better. Low-Cost iPad Different analysts kept talking about the iPad Mini pricing for months. Since Apple spokesmen do not comment on the product’s specs, we can only suppose its screen will be between 7 and 8 inches and this smaller version of iPad will allow the company to take on competing gadgets offered much cheaper [we are talking about Nexus 7 and Kindle Fire tablets, devices with 7-inch displays that are sold for $199]. You should know that Microsoft plans to introduce its Windows 8 and Surface tablet computer on October 26^th. Apple surely wishes to go ahead of its competitor and announce its device three days earlier. Playing with iPad Mini A source that wished not to be named assures that it had a chance to play with a smaller iPad. It felt “like a glove” on your hands, assures it. iPad Mini supposedly has 7.85 inch screen. It can be carried along in customer’s coat pocket thus Apple wishes to offer its users a mobile tablet experience. Some experts believe that Apple will take a risk if it launches its iPad mini because both Amazon and Google tablet computers do not bring much money to both companies. The display is the most expensive part of a tablet, experts report. If Apple sells its next iPad below $299 it can earn money only if the tablet’s storage is 8GB. If the storage space is bigger, the company should offer its iPad Mini for $299-$349 in order to maintain its current margins, analysts say. So previous info that iPad Mini release date will be on October 17 is not true. By the way, the Cupertino tech giant will release its 4^th quarter financial results two days after its October 23 event.