NYT reports that Apple is releasing the iPad Mini this year

You can now add the New York Times to the major news sources that we all follow and read who have somehow confirmed that Apple is indeed releasing the iPad Mini this year. In case you forgot, both the Wall Street Journal and Bloomberg have reported recently that Apple is planning to release a smaller version of the iPad. And so now, NYT adds one more confirmation to the rumors.

Should we start expecting Apple to make an announcement about the iPad Mini soon? Well, if you consider the reliability of these three news sources when it comes to verifying what is consider as rumors to be true, we might as well start getting excited over the “upcoming iPad Mini.”

According to the NYT:

“The company (referring to Apple) is developing a new tablet with a 7.85-inch screen that is likely to sell for significantly less than the latest $499 iPad, with its 9.7-inch display, according to several people with knowledge of the project who declined to be named discussing confidential plans. The product is expected to be announced this year.”

Of course, if there is some truth to all these rumors, we can all but attest to the fact that Google’s recent release of its own 7-inch tablet may have prompted Apple to purse with the iPad Mini. The Nexus 7 tablet is said to be selling hotcakes as of today. But the question here is whether Apple can match up against the SRP of the Nexus 7 when it comes to pricing its own iPad Mini? The 8GB Nexus 7 retails for $199.