“In a research note Wednesday, Janney Capital Markets analyst Bill Choi said he expects 15% cannibalization to current iPad sales from the iPad Mini. Piper Jaffray analyst Gene Munster puts the cannibalization rate at 20%,” Seitz reports. “Apple is expected to unveil the iPad Mini at an event Tuesday in San Jose, Calif., near its headquarters in Cupertino. The smaller tablet is believed to have a 7.85-inch display vs. 9.7 inches for the regular iPad. Choi expects the iPad Mini to hit stores on Friday Nov. 2 and sell in the range of $299 to $399… Munster says Apple will sell the iPad Mini starting in the range of $249 to $299 to better compete with 7-inch tablets from Google and Amazon.com.
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