U.S. Markets closed

Apple iPhone and iPad Size Rumors Abound

The Exchange

What exactly is 'just right' when it comes to your gadgets? If the various rumors are true, Apple (AAPL) is hard at work at a smaller iPad, a larger iPhone -- and a larger yet iPhone market.

Rumors of an iPhone with a larger screen  began bubbling again yesterday as Apple has reportedly readied itself to begin ordering said screens for its flagship product from suppliers in South Korea and Japan.

Apple is working with several screen makers on the new phone, including South Korea's LG Display (LPL), Japan's Sharp Corp. and Japan Display Inc, according to the Wall Street Journal, which cited people familiar with the matter. The i-everything company is expected to roll out the larger, four-inch screens with the iPhone 5, which analysts believe is slated for the fall. [Click here for the WSJ story]

Meanwhile, Apple is rumored to be prepping to debut the so-called iPad mini during the second half of 2012,  according to CNET, which cited a Taiwan news outlet Liberty Times. Apple has reportedly already pegged LCD suppliers for the rumored 7-inch device.

The moves would help it to fend off competition from Samsung Electronics, which recently showed off a smartphone with a 4.8-inch display (see Apple's iPhone 4 and Samsung Electronic's Galaxy X II side by side in the picture to the left), and Amazon's 7-inch Kindle Fire.

Also buzzing in the Applesphere: China Mobile, the world's biggest mobile phone network, is in talks with Apple on iPhone cooperation, but the sides may not reach an agreement this year, Bloomberg reported Wednesday.

Would you prefer an iPhone with a larger screen or an iPad with a smaller one? How much does size matter when it comes to your Apple devices? Let us know in the comment section below.