Apple Could Phase Out iPad 2 Due to iPad Mini Launch

Revised tablet set to be announced tomorrow during Apple media event.

An?Evercore Partners?analyst believes Apple will phase out the iPad 2 following the launch of the iPad Mini.

Rob Cihra?said the firm could phase out the iPad 2 due the company's vision leaning towards "clearer product tiers".

Released back in March 2011, the iPad 2's Wi-Fi 16GB model is available at an Apple store for $399, while the Wi-Fi and 3G variant is priced at $529. Comparatively, the third-generation iPad retails at $499 for the 16GB Wi-Fi version, with the 64GB Wi-Fi and 4G model featuring a $829 price tag.

As for the price of the iPad Mini, its Wi-Fi 8GB model has a reported price tag of $322, while the 64GB cellular version will retail for $650.

The iPad Mini, which Apple has apparently ordered 10 million units of, is due for an official announcement tomorrow. A release date is apparently scheduled for a week later on November 2.

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