According to the rumors, Apple is coming up with a low cost iPad which will be the “iPad Mini” in the beginning of 2012 to counter Amazon’s recently launched Kindle Fire which is priced at $199.

According to latest reports, Apple may launch its latest and much anticipated iPhone 5 on Oct. 4, as a big media event of Apple inc. is scheduled to take place on first Tuesday of October.

The latest buzz in the corporate world is whether Tim Cook would be able to match renowned American business tycoon, Steve Jobs' competent ways of putting Apple on an accelarated path of success.