Apple’s new iPad is the perfect companion for mobile warriors, but for those that long for the same functionality in a smaller package, the upcoming iPad Mini could be the answer. It’s rumored to boast a 7.86-inch display, and according to iLounge.com, it is already “substantially finished and will be ready for announcement either later this year.” Expect the device to be priced from $249-$299. Continue reading to watch Wall Street Journal’s news report.

[Sources 1 | 2]