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October 22, 2012 04:05 pm

iPad Mini Could Retail For $250, Delete iPad 2

Nerval's Lobster writes "If the Apple rumor mill proves correct, the unveiling of the iPad Mini this week could mean sayonara for the iPad 2. At least, that's the prediction of Evercore Partners analyst Rob Cihra, who wrote in a recent note to investors that he believes Apple will remove the iPad 2 from its lineup to make room for a smaller tablet. Apple insider excerpted parts of Cihra's note Oct. 19. Of course, that's just one analyst speculating about the future plans of a company known for playing things close to the proverbial vest: Apple's Oct. 23 event in California could feature all sorts of surprises. So what do we know about the iPad Mini? First, that it might not be called the iPad Mini — that's a moniker dreamed up by the press. Second, a cheaper and smaller iPad could impact the market for e-readers and 'price-sensitive users,' according to J.P. Morgan analyst Mark Moskowitz, which in turn could mean a challenging future for Amazon, Google, and other IT vendors marketing cheaper tablets. Third, the media—driven by unnamed sources and blurry spy photos—seems to have collectively settled on a 7.85-inch screen without a high-resolution Retina Display."

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