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Apple plans to launch a new entry-level iPad tablet in the third quarter that will aim to draw attention away from the impending onslaught of Windows 8 tablets, a recent report claims.

Chinese-language news site NetEase on Monday claimed that Apple’s “iPad mini” will be introduced during the third quarter this year. While details were limited, the report stated that Apple will have as many as 6 million units ready for launch, all of which it will likely need if the rumored price point of between $249 and $299 pans out, as NetEase claimed.

See more tech stories on the FOX Business Technology homepage.

Apple has been rumored on multiple occasions to be working on a smaller version of its wildly popular iPad tablet, and a third-quarter launch lines up with recent reports. With Apple’s rivals currently looking to compete by slashing prices, some speculate that a lower-cost iPad could…

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