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The arguably high price tag of the Apple iPad has hardly been a detriment to the tablet’s wild popularity since its release, as Apple continues to enjoy a stranglehold over the tablet market. Even still, Apple is rumored to have plans to release a smaller, and more wallet-friendly device designed to directly compete with the current 7-inch tablet market, including Google’s new Nexus 7 tablet. This time around, the forthcoming iPad screen is expected to be standard definition, and between 7 and 8 inches, compared to the high-definition 9.7 inch version that’s currently available. While official specs and a release date have yet to be disclosed, consumers should be able to expect an announcement by early fall, and the new iPad by the end of the year.