This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Apple iPad Mini: First Impressions

SAN FRANCISCO ( TheStreet) - Apple (AAPL - Get Report) announced a slew of new products on Tuesday, including the long-awaited iPad Mini. After demoing the product, as well as Apple's new fourth-generation iPad, it's clear that the tech giant still has a lead on its tablet competition.

The smaller iPad Mini, which starts at $329 for the 16 GB Wi-Fi version, looks exactly like the larger iPad, but there's a whole lot more to it. The iPad Mini has a screen size of 7.9 inches, significantly larger than the smaller tablet offerings from Amazon (AMZN - Get Report) and Google (GOOG - Get Report) when you take into account actual viewing size. It's 49% larger when viewed in a portrait setting, and 67% larger in landscape mode, said Phil Schiller, Apple's senior vice president of marketing, during the presentation.

The first thing I noticed was how light it felt. Apple CEO Tim Cook said it was as light as a pad of paper, and at 308 grams, it feels light and airy in your hands. It doesn't feel like a toy or flimsy, however. Apple did an excellent job of reducing the thickness (7.2 millimeters), while making sure it feels sturdy. "It's as thin as a pencil," Schiller said during the presentation. The tablet doesn't have Retina Display and uses the A5 chip Apple used on the iPad 2, so it's not the greatest tablet ever made, but it's definitely a step above the competition for lower-end tablets.

Apps and Apple's mobile operating system, iOS 6, continue to look as stunning and are as responsive as they ever have been. All 275,000+ apps designed specifically for the iPad will work on the iPad Mini, so there's no need to worry about that. In the few short minutes I had to play with the smaller iPad, I had no problems whatsoever. Apple just continues to make products that work.

The screen resolution is comparable to the other smaller tablets out there, at 1024 x 768. The screen packs 163 pixels per inch (ppi). The screen quality isn't as nice as the new fourth-generation iPad, which has 264 ppi and a screen resolution of 2,048 x 1,536, but, for the price, it's good value.

The iPad Mini is a little light in terms of memory at 512 MB of RAM, but again, it's comparable to the other lower-end tablets at that price point.

Apple turned a few heads by announcing iPad Mini pricing from $329, when the fourth-generation iPad starts at $499, and the iPad 2 starts at $399. Some where expecting $299 or lower, but my sources told me $329, which proved accurate. At $329, Apple is appealing to those who think $499 is a bit much for a tablet, while keeping their premium pricing mantra alive. Apple has never competed on price, and it doesn't look like it's going to anytime soon. The iPad Mini, along with the fourth-generation iPad, will be available for pre-order on Friday, Oct. 26, and will go on sale Nov. 2.

What's surprising is not only that the tech giant was able to make it significantly smaller, while keeping the production quality high, but that Apple also announced LTE capability on the iPad Mini, something which drains battery life. The battery on the iPad Mini is 10 hours, so this isn't the case at first glance. It's an impressive technological feat for something so small and so light to have LTE capabilities. Apple announced that, in addition to AT&T (T) and Verizon (VZ), the iPad Mini, as well as the fourth-gen iPad, will be available on Sprint (S).
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
AMZN $659.59 0.00%
GOOG $693.01 0.00%
FB $117.58 0.00%
TSLA $240.76 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs