Money Matters - Simplified

Apple could ring the death knell of iPad 2

iPad 2 could face the axe to make way for iPad Mini iPad 2 could face the axe to make way for iPad Mini

Apple might just begin putting iPad 2 out of the market if analysts are to be believed.

Apple has recently begun sending out invites for an event slated to be on October 23rd which many believe will see the unveiling of a smaller and lighter iPad, dubbed the iPad Mini.

iPad Air?
It is still not clear what the new iPad might be called, although some reports say it is iPad Air. Analysts at Evercore partners believe that Apple will be giving the boot to the cheaper iPad 2 to make room for the new iPad mini.

It makes pretty good sense for Apple to discontinue the iPad 2 line if it really is going to come out with the iPad Mini. iPad 2 would give the iPad Mini unfair competition which Apple could very well do without.

The 16GB version of the iPad 2 with Wi-Fi only is currently retailing at an attractive price tag of $399 in the US.

Apple vs. Apple not a good show

It is quite obvious that many users might choose to go for iPad 2 if they do not find the iPad Mini to their taste. The new iPad Mini will be priced quite competitively, and you can easily expect it to be somewhere near that of the second-generation iPad.

Based on unconfirmed image leaks, it is believed that the iPad Mini will be sporting a screen size of 7.85 inches and would retail at anywhere close to $249.

One of the most important goals of the iPad Mini will be wipe out competition from cheaper and smaller tablets like Kindle Fire. Kindle Fire and other cheap tablets from Amazon are selling like hot cakes and Apple clearly does not want to be left out.

The last couple of years has seen the proliferation of a variety of tablets of different sizes and at varying price points, and the competition is only going to get hotter if Apple puts out an iPad Mini.

Another reason why Apple wants to do away with the iPad 2 is because it wants to streamline its product offerings.

The last couple of years has seen the proliferation of a variety of tablets of different sizes and at varying price points, and the competition is only going to get hotter if Apple puts out an iPad Mini.

As is usual about Apple events, the company has not confirmed any rumors about the iPad Mini, simply teasing the media with a "we've got a little more to show you" line.