The following video is part of our "Motley Fool Conversations" series, in which technology and media editor/analyst Andrew Tonner discusses topics around the investing world.

It's easy to run out of superlatives when talking about Apple. The maker of iEverything is a unique company down to its very fiber, and it's that unique focus that has enabled it to gain the dominant foothold it has in two of the greatest growth stories today -- smartphones and tablets. Especially in the tablet sphere, Apple is the undisputed king. And despite all this remarkable success, rumors have it that Apple's on the warpath once again. (But did you really expect it to rest on its laurels?) According to the rumor mill, Apple has a smaller 7-inch tablet device currently scheduled for release later this year. What will this do for the rest of the market? Watch the to find out. 

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