Apple’s price cut for its first-generation iPad mini is expected to prompt its competitors to slash their tablet prices, according to sources from tablet vendors.
Although Apple has only reduced the first-generation iPad mini price by US$30 from US$329 to US$299, the sources believe non-Apple vendors will start adjusting their prices in November to defend their market shares during the year-end holidays.
That’s looney and I’m not sure how it makes sense in any universe. Apple’s iPads are already priced higher than competitors, and the company raised the price of the new iPad mini. As usual, Apple will walk away with stellar sales, and the lion’s share of tablet profits.