FOX News: Apple unveils new hardware at California event

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Apple unveils new hardware at California event Oct 23rd 2012, 17:30 Is a smaller Apple about to fall from the iPad tree? Apple CEO Tim Cook took to the stage in California at a media event where he is expected to finally unveil the company's long-awaited "iPad mini" -- competition for smaller, 7-inch tablets from companies like Google and Amazon that are nipping at the tech giant's heals. Prior to the start of the event -- held at The California Theater in San Jose -- tech pundits batted forth ideas about what the device would look like, based on various leaks and rumors. The talk centered on a 7.85-inch screen , according to various leaks and reports.  The display will have a resolution of 1,024 × 768, according to a new report by DigiTimes, citing unnamed sources in Taiwan. That means it won't sport a super high quality Retina display, but will have the same resolution as the iPad 2 (with its 9.7-inch screen). Price is the next big question, especially since Amazon and Google's offerings start around $200, about half the price of a new iPad. It's not Apple's style to compete on price, however, and the company isn't shy about tacking on a healthy premium.Most analysts expected Apple's newest to come in at either $299 or $349, potentially replacing the aging iPad 2.

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