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It's probably true. Rumors persisted since the release of the 1st generation iPad that Apple was working on a mini version. The question is well it be of the 2nd generation iPad resolution which will have the lowest resolution of all the 7-inch tablets or will Apple make it "retina display" screen?
I went and played with the Kindle Fire HD for awhile and magazines are soooo small on it. I think I need to get a larger screen to read my comics and magazines on it. *sigh*
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