No Shrinkage Here! Steve Jobs Blasts Seven-Inch iPad Rumors

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We've been diligently reporting on rumors that Apple is readying a downsized iPad with a 7" screen (see here and here).

Now Apple prexie Steve Jobs has officially shotgunned those rumors.  During an unscheduled (and apparently off-the-cuff) appearance on Apple's Q4 earnings call, Jobs went off on a multi-subject tirade; on the topic of smaller iPads, he declared "We're not not making a 7-inch tablet because we don't want to hit a lower price point. We just believe it's too small to hit the user experience people want. When we make decisions, it's not about cost, it's about value when you factor in the software. We're all about the best products at aggressive prices."

It's possible that Jobs was in a foul mood because shares of Apple slid 6 percent in after-hours trading — their biggest single-day loss in two years — with worse-than-forecast iPad sales (due to supply and production bottlenecks) cutting into gross margins.  At the same time, Jobs and Apple have reversed their public stances on numerous occasions (e.g the App Store), so who knows?  Maybe Uncle Steve will be in a better mood after a good night's sleep…

see also:   The iPad Mini is a Now Rumor, But Would Such a Device Even be Necessary?