Apple’s iPad Gets Competition, Readies Smaller Tablet

David Paul Morris/Bloomberg via Getty Images(NEW YORK) -- For more than two years Apple has dominated the market for tablet computers. Now it’s feeling the heat from competitors and may be getting ready to introduce a smaller, cheaper version of the iPad.

Last week, Google began shipping the Nexus 7, and Microsoft recently announced it would create a new tablet. Both are likely to compete with Amazon’s Kindle for the less-expensive part of the tablet market.

Apple isn’t standing still.

“The company 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," The New York Times reports.

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