Apple is expected to launch a new variant of their iPad Tablet PC with a smaller display later this year.

The company has no offering in the 7” Tablet PC market which has become pretty big with the launch of Amazon Kindle Fire and now Google Nexus 7.

Apple is expected to launch a version of iPad with 7.85 inch display using Sharp’s IZGO technology before the start of the holiday season this year.

This model could be priced lower than the iPad in the same range as that of competing Android Tablets with 7” display.