The latest iPad mini rumour doing the rounds is that, in order to keep its price under the $250 mark in the US, it will only be available as as a Wi-Fi model. 3G/4G/cellular iPad minis will not be on offer. So says the rumour.

"Our suspicion is that that the iPad mini will be Wi-Fi only," writes Allan Yogasingam, technical research manager at UBM TechInsights.

"One can suspect that there will be no baseband [3G and 4G radio] processor in the iPad mini, as Apple will look to the cost reduction of eliminating that chip and the corresponding baseband power amplifiers."

It's widely believed that Apple is readying a tablet that sits between the iPad and iPod touch in scale, possibly featuring a 7in screen. But to challenge the largely budget-focused rival models in this space, Apple may need to compromise on some of the features of the full-size iPad.

See also:

Alleged iPad mini back casing shown in new detailed photographs

Photos of an iPad mini mold spotted at IFA reveal thin design and smaller dock connector

iPad Mini's 'Guts' May Combine Old, New Technologies

(Via Light Reading Mobile.)