“Analyst Shaw Wu with Sterne Agee said he believes Apple’s so-called ‘iPad mini’ will prove to be ‘the competition’s worst nightmare,’” Hughes reports. “He noted that competitors are already struggling to compete against the $399 iPad 2 and $499 iPad, and Apple hitting an even lower price point will only expand its share of the tablet market.”
Hughes reports, “Wu doesn’t believe Apple needs to hit the $199 price point and match Google and Amazon. In fact, he thinks Apple could sell its smaller iPad for around $350 and it would still be a success.”
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