Those who want a smaller iPad display or still holding out for an iPad named iPad 3, you’re in luck! Amidst Apple TV and iPhone 5 rumors, iPad mini rumors seem to have been quietly gaining some traction. The latest report states that LCD suppliers have been certified and are ready to begin production.

Per 9t05Mac: “Taiwan-based publication Liberty Times (translated, via Macotakara) shared an interesting bit of information this evening about the rumored 7.85-inch “iPad Mini.” The publication reported that LG and AU Optronics were certified to supply the LCD panel for the iPad Mini.”

“Furthermore, it goes on to claim that both manufacturers are working to ship the panels for production and for a release sometime during the latter half of 2012. The target-shipping amount for the iPad Mini is said to reach 6 million (which was previously reported), but I think there would be a need for more due to the influx of holiday sales.”

The bad news is that to keep this iPad Mini at a lower cost, there will be no retina display. This means it’ll keep the original iPad’s resolution at 1024×768. Good news bad news folks. Will you consider getting a non-retina smaller iPad for a cheaper price?