iPad mini to be released in Q4, claims Samsung official

According to a report from the Korea Times, which cited an unnamed Samsung official, Apple is expected to spend about $11 billion on Samsung-sourced parts for its various devices in 2012, including a smaller iPad.

“The amount of the current contract is around $9.7 billion, but is expected to rise to $11 billion by the end of this year as Apple is planning to release a smaller iPad, probably with a 7.85-inch screen, and to sell more of its MacBook Air PCs using Samsung’s faster solid state drive storage,” the Samsung exec told Korea Times.

Apple relied on Samsung for parts for an estimated $7.8 billion, making Apple the single largest customer of Samsung.

The two companies are currently in a legal fight, despite sharing a contract until 2014.

Lately, it has been reported that the 7.85 inch iPad could come with a slim bezel, but that it won’t feature Retina displays. The mini tablet’s price is rumored to be between $249-299 USD.

Previous reports also stated that an iPad mini would compete with smaller tablets like the Samsung Galaxy Tab 7 and the Amazon Kindle Fire.