The Daily is reporting that Microsoft is readying a version of Office for Apple’s very popular tablet computer. Microsoft has for a long time made Office for Mac, which is very popular with the Mac faithful. Even with the iPad’s limited functionality compared to the PC, the demand for the tablet is incredible. If iPad was considered a laptop computer, Apple would be the number one seller in the US. The iPad has also made significant inroads into enterprise, perhaps more so than any Apple product before it. Now Microsoft cannot stand by and watch this happen.

The iPad already has a few productivity solutions available to it from a variety of developers, the most popular being Apple’s own iWork apps which are going for $10 each. Despite their popularity, people have been clamouring for better file compatibility with an official Office software bundle for the iPad. When Microsoft does roll out Office for iPad, the bigger question would rather be what at price point it will go for. Office is traditionally quite a high priced item, but almost a necessity to many people. If Microsoft can match the $10 per app price, the demand will likely be massive.

Microsoft is no stranger to the Apple iOS platform, they already make a version of OneNote for the iPhone, and they have a few other apps as well. There is one problem though – Apple takes 30% of every app sold in the AppStore. Now will Microsoft be willing to part with this cash? Only time will tell.

Microsoft is not willing to confirm anything, but we reckon it will be a smart move by Microsoft.