iPad Rumor: Apple Plans Smaller, Cheaper Version

Two developments today for iPad devotees:

• Apple is rumored to be working on a 5- to 7-inch version for early 2011, reports DigiTimes. The smaller iPad would reportedly sell for under $400, with customers who need it more for reading than typing as the main target.
• Apple has sold 450,000 iPads since they went on sale Saturday, lower than some leading industry analysts had forecast, reports VentureBeat. More than 3.5 million apps have been downloaded.

(More Apple stories.)