With the announcement of Samsung’s 7-inch Galaxy Tab 2, iPad Mini rumors have increased; the latest comes from a Chinese site, which claims that Apple will launch six million mini iPad units in the third quarter — with the price of either $249 or $299.

The report from NetEase, translated by Kotaku, states that the “mini iPad” will sell for $249-$299. The rumors correlate with a report from Mashable that claims Samsung is supplying Apple with new LCD technology for smaller iPads.

According to Mac Rumors: “The well-connected John Gruber has claimed that Apple has a 7.85-inch iPad in its labs, but he does not know whether the product will ever make it to market. Various claims of Apple moving closer to production of the smaller iPad have also been surfacing as rumors continue to swirl.”

Rumors surrounding the mini tablet suggest it will have a 7.86-inch screen and will rival smaller tablets such as Amazons Kindle and Samsung’s smaller Galaxy Tab.

Last year, the late Steve Job’s quashed rumors of a “mini iPad,” but as iPad competitors continue to launch smaller tablet’s Apple is expected to launch its own version soon.