Is Apple Looking To Cut The iPad 2 Price To $299? [REPORT]

Is Apple Looking To Cut The iPad 2 Price To $299? [REPORT]

We are back with another range of rumors about the next iPad and the current iPad 2 lineup. It is being rumored that Apple will be cutting the iPad 2 price to $299 in 2012. If you remember, just a few days ago, the news of a 7 inch iPad had circulated the web. So are all these rumors true, and Apple is really bringing a smaller and cheaper iPad or is it looking to cut the iPad 2 price? Keep reading to know more about possibly-the-next-iPad and the price cut to the current iPad 2.

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The main reason of releasing a cheaper and smaller iPad or possibly dropping the price of the current iPad 2 is to compete with low cost competitors. After the release and immediate success of the Kindle Fire, every tablet manufacturer is trying to compete with it with their own 7 inch tablets.

So if Apple drops the iPad 2 price to below the $300 mark, it could seriously have a huge impact on the tablet market, as no tablet except the Kindle Fire and a couple of others, are between this price range. iPad 2 is the main aim of a tablet lover but most settle on other tablets because of the high cost of the device.

Meanwhile, folks over at Taiwanese blog, DigiTimes, are reporting that Apple will be manufacturing two iPad versions from now on, one probably the upcoming high-end iPad 3 and another the same iPad 2 version with a little improvements and a low price to target the low cost tablets in the market.

They report that,

Sources from Apple‘s supply chain have claimed that there will be two versions of the new iPad, one targeting the high-end segment and the other the mid-range. Digitimes Research believe the two new iPad models will both be equipped the A6 processor with high-end model coming with a high resolution panel (2048×1536) and the mid-tier model featuring the same grade of panel as iPad 2 (1024×768).

Apple has always gone for the high-end users by producing high quality and flawless products, and have kept the price high. But it looks like that it is time for Apple to abandon that strategy and make its iPads for an average user, cause if it doesn’t than the other low cost tablets, especially the Kindle Fire might take the lead in the heavily dominated tablet market.