Apple (Nasdaq: AAPL) is once again stoking anticipation for its products with the unveil of its highly anticipated iPad Mini, which features a 7.9 inch display. The device is meant to tap into a market for smaller tablets created by similar sized Android devices.

Analysts at ISI Group think Apple will be able to sell 5 million iPad Minis in the company’s fiscal first-quarter. This could translate into $1.5 billion in sales, and could create incremental positive earnings the could move the needle on EPS.

The Mini will be priced at $329 on the low end, and Apple should see 30 percent margin on each device, less than the 40 percent margin it earns on the iPad.

Analyst Comments Analyst EPS View

Noted Analyst Sees Apple (AAPL) Slinging Up to 1.5M iPad Minis Over the WeekendNovember 2, 2012 11:33 AM Apple (AAPL) iPad Mini - Here It IsOctober 23, 2012 2:12 PM Apple (AAPL) Slumps Following iPad Mini PricingOctober 23, 2012 2:09 PM UPDATE: UPDATE: Apple (AAPL) introduces new, smaller iPad; Will Price at $329October 23, 2012 1:51 PM