Wednesday Apple Rumors — Apple Fighting Fire With iPad Mini?

Analyst says cheaper version of iPad could release in 2012

By Anthony John Agnello, Consumer and Technology Writer

Apple RumorsHere are your daily Apple rumors and news items for Wednesday:

iPad Mini in 2012? Apple (NASDAQ:AAPL) knows all too well that if you have a successful gadget on the market, the best way to make it even more successful is to make it smaller and cheaper. That was the thinking that propelled the iPod to zeitgeist-defining success last decade when the original model was coupled with the tiny, cheap iPod Nano. If analyst Brian White of Ticonderoga Securities is right, that strategy will be applied to the iPad line next year. According to a report at Apple Insider, meetings with component suppliers in China have led the analyst to predict Apple will release a cheaper model of its iPad next year in the “mid-to-high $200 range.” The device will be positioned as a competitor for Amazon‘s (NASDAQ:AMZN) recently announced Kindle Fire tablet.

iCloud Opens for Business with “iTunes in the Cloud”: A report at Mac Rumors said Apple began opening its iCloud businesses on Wednesday morning. The first of these is iTunes in the Cloud, a service that lets iTunes customers re-download any past music purchases made through the store on any device that supports iTunes. Although the service hasn’t started in the United States as of this writing, it is available in Mexico, Netherlands, Ireland, Spain, Australia and France. Apple is expected to open all iCloud services for business between Wednesday and the release of the iPhone 4S on Friday.

Use the iPhone to Make T-Mobile Calls: T-Mobile has very craftily insinuated itself into the iPhone business even without officially carrying the line of phones on its network. A Wednesday report at TUAW said T-Mobile has released an app for the iPhone and iPad called Bobsled. Bobseld is a web-based service not unlike Microsoft‘s (NASDAQ:MSFT) Skype. Users can make phone calls and send text messages to other Bobsled users. The app and services are free at the moment, but T-Mobile has announced that it plans to begin charging for Bobsled at some point in the future.

As of this writing, Anthony John Agnello did not own a position in any of the stocks named here. Follow him on Twitter at @ajohnagnello and become a fan of InvestorPlace on Facebook.

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