Come on Apple Inc.
If the rumor is true of Apple Inc's (AAPL) iPad Mini just a little larger than Google's (GOOG) its going to take APPL shares even higher.
Apple (AAPL) shares are only 2% away from its recent all time high of $680. What could take it back and above the $680 and possibly the $700 level by the end of Fall -- the mini iPad.
According to Bloomberg.com the iPad Mini (AAPL) will have a 7.85" display. That beats Google's new Nexus 7" display. If Apple undercuts Google on the lowest selling point for their rumored Mini of $200 they could have a huge seller on its hands. However Apple Inc. products tend to sell and beat the competition despite the price points. Should the Mini iPad start at $200 to $300 for the basic model vs. the $500 starting iPad its going to sell well with Apple enthusiasts.
Bottom line: The Mini iPad will be a warm welcome to the arsenal of existing Apple products. Apple (AAPL) at $1,000 by 2012 could be a reasonable prediction should the Mini iPad sell well.