With Google's recent announcement of the Nexus 7 tablet, more and more rumor floated up regarding Apple's iPad mini. Apple is reportedly working on an iPad mini that will cost $249-299 and feature a 7.85-inch Sharp IGZO display panel, according to MyDrivers.

UnwiredView relays the Chinese report:

Also 'confirmed' apparently, via the even more reliable 'anonymous industry sources', is the fact that the iPad Mini will have IGZO display panels made by Sharp. IGZO (indium gallium zinc oxide) is a thin-film transistor (TFT) tech that allows the tablet to be thinner than similar models, while increasing 'endurance' and display quality.

While the source of this report is unknown there have been several previous reports that corroborate the price and screen size of the purported iPad mini.

via iclarified