Home Forget the high margins, Apple -- cut iPad Mini prices
 

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Forget the high margins, Apple -- cut iPad Mini prices

2013-07-25 14:12:49| InfoWorld: Top News

Apple sold 14 percent fewer iPads in the quarter that ended June 30 than during the same stretch in 2012, while the revenue it earned from those sales plummeted by 27 percent. Analysts tied the decline in revenue to the iPad Mini, Apple's smaller, lower-priced tablet that has significantly cannibalized sales of the pricier, 9.7-inch original. But ironically, they urged Apple to reduce prices of the Mini even more.

Tags: high prices mini cut

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