The 7.9-inch tablet is a good value at $329, and likely will cannibalize some sales of the 9.7-inch larger iPad, especially given pricing levels. It's too early to say whether consumers will choose one over the other, but I suspect more often than not, that will be the case. Apple seems hellbent on expanding its market share and opening up its ecosystem to new users, and the iPad Mini is poised to do that in a big way. The company has reportedly ordered the production of up to 10 million units for the fourth quarter, according to some Asian component suppliers.While this may not be as Earth-shattering as the new iMac that was announced, or the iPad and iPhone when the world first gazed upon them, Apple has done it again. It's put out a premium product, and refused to compromise on quality, while making it sleek and sexy looking. -- Written by Chris Ciaccia in San Francisco, Calif. >Contact by Email. Follow @Commodity_Bull >To submit a news tip, send an email to: email@example.com
SAN FRANCISCO ( TheStreet) - Apple ( AAPL) 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) and Google ( GOOG) 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. T) and Verizon ( VZ), the iPad Mini, as well as the fourth-gen iPad, will be available on Sprint ( S).