“Gene Munster with Piper Jaffray believes that Apple’s rumored smaller iPad would be priced at $299 with 16 gigabytes of storage, given the company’s $199 8-gigabyte iPod touch, and its $399 16-gigabyte iPad 2,” Neil Hughes reports for AppleInsider.
“Sandwiched right in the middle of those two existing products, he sees a smaller iPad cannibalizing 10 percent of existing iPad sales, but also taking away 30 percent of total Android tablet sales in the December quarter,” Hughes reports. “‘We believe this implies that Apple could sell 4-6 million smaller iPads in the December quarter, assuming a holiday launch,’ Munster wrote in a note to investors on Monday. ‘If the launch occurs in (the fourth quarter), we believe the smaller iPad would add about 1% to revenue and (earnings per share) in December.'”
Hughes reports, “Munster expects that Apple will introduce its smaller iPad at the same event that it will unveil its next-generation iPhone. He also expects that Apple will refresh its Apple TV set-top box, which he admitted “could make for a crowded event.'”
Read more in the full article here.