Low Cost iPad mini 2? Don't Hold Your Breath

If the iPhone 5c has taught us anything, it is that we can now put the low cost iPad mini 2 rumor to bed. To be honest, the "reduced-priced" iPad mini was just wishful thinking on the part of KGI Securities analyst Ming-Chi Kuo and some Apple fans, but it did make sense when we all thought the iPhone 5c was going to be Apple's budget smartphone.

iPad 5 and iPad mini 2

It is now obvious that Apple has no intention of competing with Google or Amazon in the "low cost" tablet or smartphone market. I guess we all should have seen the writing on the wall when Apple launched the original iPad mini for $329.

The only question that remains is when will Apple announce the next-generation iPad and iPad mini. There have been rumors that the iPad mini 2 will be delayed until 2014, but that seems unlikely at this point.

As of right now, Apple is expected to launch the iPad 5 and iPad mini 2 in Q4 of 2013. The iPad will most likely feature a thinner bezel and more powerful processor like the iPhone 5s and 5c. The iPad mini 2 will probably receive a Retina display and cost around the same as its predecessor.

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