Apple to unveil iPad mini on October 23?

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US computing giant Apple is expected to unveil its iPad mini at an event on October 23, 2012. The event is said to be an invitation only event.

The event would be held before Microsoft Corp. unveils its latest operating system, Windows 8 and the new Surface tablet which will be unveiled on October 26, 2012. A spokesperson from Apple declined to comment on the development, while speculations have been circulating about the possibilities. The new device will be a smaller and a less expensive version of the popular iPad, set to compete against the cheaper devices.