Apple to build low priced iPad Mini at $199-$249?


If you are considering buying a new tablet and are eyeing for an Apple iPad, here is some news which may help you arrive at a decision. KGI Securities analyst Ming-Chi Kuo has published a note in which he says that the Cupertino tech giant might be working on a cheaper iPad Mini. An iPad Mini in the price range of $199-$249, which is like the sweet spot for 7 inch tablets. He writes:

Prior to iPad mini 2 launch, Apple might roll out a more affordable iPad mini to compete with Android products. To cut costs, Apple might push for lower component prices, use a more advanced process to produce the A5 processor, simplify metal casing production, remove the rear camera, cut storage to 8GB and find more component suppliers to lower costs. We think this cheaper iPad mini retail for US$199~249.

He writes that until the second generation of the iPad Mini is released (which is expected to be later this year), Apple is not going to see any sizable increase in the market share of the iPad Mini. The second generation iPad Mini is said to be coming with the awesome Retina Display, which will accelerate the sales.

Source: Mac Rumors