iPad Mini Crowds Not Blockbuster

Apple's (Nasdaq: AAPL  ) newest product, the iPad mini, went on sale today at retail outlets across the world.

Reuters reports that crowds were smaller than for previous products.. However, there are reports of it selling out at Apple's Fifth Avenue store in Manhattan, and those ordering online will have to wait two weeks to have it shipped.

The iPad mini sports a 7.9-inch screen and is 53% lighter than the iPad 3. The small tablet's price begins at $329 for the 16GB model and advances to $529 for the 64GB model.

Apple also released its newest version of the iPad tablet -- the iPad 4. The iPad 4, boasting a retina display for its 9.7-inch screen, begins pricing at $499 for the 16GB model and advances all the way to $699 for the 64GB model.

Analysts have predicted Apple will sell around  1 million to 1.5 million iPad minis in the first weekend. 

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Read/Post Comments (5) | Recommend This Article (2)

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Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On November 02, 2012, at 3:55 PM, sheldonross wrote:

    Buy the 16gb Nexus 7 for $200 and have a tablet that's superior in just about every way. Better higher resolution screen, better processor. All for $130 less.

    Apple has lost the first mover advantage they had in technology, and now - like in the smartphone market - competitors are producing superior products at a significantly lower price point.

  • Report this Comment On November 02, 2012, at 4:08 PM, lucasmonger wrote:

    Yeah, but early reports are they are still selling out at stores.

  • Report this Comment On November 02, 2012, at 7:04 PM, NickFL wrote:

    Sheldonross,

    Nexus 7 is cheaper, and might be a good tablet but what do you think your kids would want for Christmas: Nexus 7 or Ipad mini?

    There's a reason Apple sold more Ipads than anybody else.

  • Report this Comment On November 03, 2012, at 1:19 AM, Zendwell wrote:

    Lil sheldy, please. It's like comparing a BMW to a Nissan Versa.

  • Report this Comment On November 06, 2012, at 7:27 AM, billchristophusa wrote:

    The Mini-iPad and new Nexus 7 aren't the only new models out this week -- the Novo 7 Flame 32GB also just launched - which offers a pretty impressive 7 Inch tablet priced at $189 at a site called TabletSprint -- The Novo 7 Flame Android tablet has a "cool factor" and is sleek and compact, offers a 1280x800 High Resolution screen, Dual Core CPU, 32GB Memory, MicroSD portable storage, an HDMI connection to your TV with full 1080p (HD) that's great for movie downloads, a 5 megapixel Rear Camera with AF & LED Flash and a 2 MP webcam; Plus great connection - Bluetooth, WiFi, Ethernet, and options for 3G. The tablet is made by Ainol Electronics, which received a "Best Tablet of the Year" award at CNET Consumer Electronics Show 2012 - Two other models are also being released and both are 10-inch tablets with high resolution screens; one offers most features as above, with a Dual Core CPU and a 1280x800 display for $220; and a similar model that features a powerful Quad Core with a 1920x1200 Liquid Crystal display (like Apple's Retina screen) for $270. All offer pretty nice specs and pricing and one of the first online sites to offer this new product line is Tablet Sprint -- which also gives out something pretty exciting with each table, an option for a free 3G/4G 500MB monthly data plan with full internet access/VoIP calling in the U.S. -- Definitely worth checking out and comparing...

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