A report coming from the  Chinese-language Economic Daily News financial newspaper states that Apple is readying another tablet similar to the iPad but with a 7-inch touchscreen for launch as early as the end of this year.

“The Economic Daily reports that Taiwanese companies have won a number of component contracts for the iPad 2. Chimei Innolux will supply 7-inch LCD screens, which use the same IPS (in-plane switching) technology found in the original iPad, which improves viewing angles and color on LCD screens. Touchscreen technology for the screens will come from Cando Corporation, the report says.”

Source: PC World.com