Apple announces special event for October 23rd; want to take a small guess what it's for? (hint: iPad mini)
Apple is hoping that the Apple iPad mini will allow the company to compete in the 7 inch, low price tablet sector that is populated by the Amazon Kindle Fire HD and the 8GB Google Nexus 7 both of which cost $199. It is assumed that the Apple iPad mini will be priced above those two Android models, possibly starting in the $249-$299 range. Analyst Shawn Wu says that Apple will have to price the tablet in the $299-$349 area to keep the same profit margin the company enjoys with the larger Apple iPad.