Apple Announces iPad Mini For $329; Shares Fall

WOW! Who’d A Thunk This Would Be a Repurcussion?…

Apple Inc.’s pencil-thin, smaller iPad will cost much more than its competitors, signaling that the company isn’t going to get into a mini-tablet price war.

The company unveiled the iPad Mini on Tuesday, with a screen about two-thirds the size of the full model, and half the weight. Customers can begin ordering the new model on Friday. In a surprise, Apple also revamped its flagship, full-sized iPad just six months after the launch of the latest model.

Read More: Apple’s Shares Fall

by Peter Svensson/Technology Writer for The Sun Times