The new iPad has been and gone, sporting a chunkier and heavier build than the iPad 2, which left some wondering: what's with all the extra weight?

However, it looks like Apple may be about to aid those conscious of extra grams in their bags, as rumours hot up about a potential iPad Mini (or iPad nano, if you prefer) arriving later this year.

As the Amazon Kindle Fire steals the budget tablet show and with more small, cheap tablets on the horizon, such as the Google Nexus tablet, Apple may well want a bite of the, well, apple.

Back in 2010, former Apple CEO Steve Jobs said that smaller screened tablets were not "sufficient to create great tablet apps" and would be "dead on arrival", so rumours suggesting a new iPad mini is in the works reveals a potentially new direction for the firm in its post-Jobs era.

Believe it or not, there's certainly a lot of chat surrounding the iPad Mini, so we've scooped it all up, mushed it all together and expelled it into a handy round up, allowing you to keep track of every twist and turn.

If you're pressed for time then check out our iPad Mini rumour roundup video below.

Update: A new report has examined the prospects for an iPad Mini - and how it might contribute to the company's bottom line, particularly with gamers and the educational market.

According to analyst Ben A. Reitzes, the iPad Mini would not be a threat to Apple's current domination with the New iPad, and is likely to be a favourite among gamers as well as educational institutes, particularly with the electronic textbooks introduced earlier this year.

iPad Mini release date

There's not even an official sign from Apple that the iPad Mini/iPad nano is even in the works, so a release date for the tablet is even more up in the air.

Although if the rumours turn out to be true, we can expect Apple to start rolling out the iPad Mini very soon after a extraordinarily over-hyped launch event.

According to a Digitimes source the iPad Mini/nano could start production in the third quarter of 2012.

Analyst Shaw Wu says the "exact timing" for an iPad mini release date "is difficult to predict", but said its launch is a "question of when, not if." Pretty confident then, are we, Shaw?

A report straight out of China suggests that key Apple manufactures Foxconn and Pegatron have started to receive orders for the new iPad mini. It goes on to say the factories will have 6 million units ready for a launch in Q3 of 2012.

When Apple announced its annual WWDC event running from June 11-15, which sold out in just two hours, there was some speculation that we could see the Cupertino firm announce the iPad mini there, but no new iPad broke cover at WWDC.

Update: A iMore source claims that the iPad Mini will be ready by October 2012. Hold on to your hats people!

Update: A Taiwanese source has claimed that the mini iPad will be in the hands of consumers before Christmas, with a third quater launch on the cards.

Update:According to Bloomberg an unnamed source said a tablet with a screen size of "7 to 8 inches diagonally" will arrive before 2012 reaches its close.

Update: The Wall Street Journal reports that sources in Apple's Asian supply chain have revealed the iPad Mini will go into production from September.

iPad Mini price

Apple is known for its extravagant products, launch events and pricing policies, but the iPad Mini may herald a new era for those who long for an Apple device, but simply can't part with an arm and a leg to buy one.

It's thought that Apple's idea behind the iPad nano is to tackle the budget end of the market, where the Amazon Kindle Fire is currently king, and a Digitimes source predicts it could land with a very reasonable sub £200 ($249-$299) price tag.

Update: Could the iPad Mini be a super cheap tablet contender? It can according to one source, who claims it will land with a price tag between $200 and $250 (around £150) - we certainly hope this turns out to be true!

Update: Those famous "various analysts" and "industry sources" have spoken out again, confirming that the iPad Mini should arrive on the market for $249-$299 (around £159-£190).

Update: On 9 July, we covered a report from Japanese blog Macotakara which said that the iPad Mini price would be in the region of $250-$350 (around £160-£230).

Update:The New York Times has spoken to people "with knowledge of the project" - who claim the iPad Mini will be significantly cheaper than the current iPad.

iPad Mini display

As the name suggests, we're looking at an iPad which will be sporting a screen smaller than the stock 9.7-inch display found on the first three Apple tablets.

In February we saw a report from the Wall Street Journal claiming a source from an Apple component supplier had confirmed it was testing a smaller screen for Apple, in the region of 8-inches with a similar resolution to the iPad 2.

At the start of March, Digitimes reported that the new iPad Mini would actually come with a 7.85-inch display – a tad bigger than the 7-inch screen found on the Kindle Fire.

April saw Sterne Agee analyst Shaw Wu reveal that Apple had been testing devices with screens ranging from 4 to 12-inches and highlighted that the 7.85-inch format would be most likely "when, not if" the iPad mini is launched.

Wu also predicted the iPad nano would sport the same resolution as the original iPad and iPad 2, at 1,024 x 768 – meaning developers wouldn't have to tweak their apps.

Update: According to an iMore source, the mini iPad will sport a 7-inch screen with the same retina display as the iPhone 4S and new iPad.

Update: The 7.85-inch screen rumour gets ever stronger as industry sources claim the iPad Mini will sport IGZO display panels, which are capable of delivering a retina-quality display.

Update: According to Bloomberg's sources, the iPad Mini will not arrive packing the Retina Display featured on the new iPad 3.

Update: According to sources "with knowledge of the project", the iPad Mini will indeed sport a 7.85-inch display.

Other iPad Mini specs

To help keep the cost of the iPad Mini down, one source reckons it will ship with just 8GB of internal storage - the same amount as the Amazon Kindle Fire.

In terms of thickness, Japanese blog Macotakara cites an unknown source, claiming the iPad Mini will be a 7.2mm thick.

Macotakara also wrote that the iPad Mini would come with 3G functionality.

iPad Mini early verdict

Well, we're still unsure whether Apple will go down the iPad Mini route. Steve Jobs made his stance on smaller tablets quite clear and it would be a daring move by the Cupertino-firm to go against its popular former boss.

The budget tablet market is one which is definitely growing, and one which Apple is currently not part of, so it won't be too much of a surprise if the firm does decide to go down this route.

We'd love to see a new iPad Mini come to market, as it would certainly give Amazon and co a run for their money... plus it would be intriguing to see what Apple would do with the smaller format.

New iPad mini release date, news and rumours