Best Buy (BBY) Trims 3rd-Gen Apple (AAPL) iPad Prices
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Price: $87.79 +2.75%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 5.3%
Revenue Growth %: +1.1%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 5.3%
Revenue Growth %: +1.1%
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According to market reports, Best Buy (NYSE: BBY) is slashing prices on Apple's (Nasdaq: AAPL) iPad tablet by as much as 30 percent. Of note, the iPad is the third-generation model, not the newest. The device still has retina display, but a slower processor and 30-pin connector. If you're okay with that, you can get an iPad starting at $314.99 with 16-gigabytes of storage and Wifi connection.
CultOfMac notes the following price changes:
As mentioned, Best Buy might be making the move to free up some space for the next-generation iPad, which might be delayed due to the late-2012 launch of the fourth-generation iPad and iPad mini.
Also of note, the lowest-cost iPad at Best Buy is coming in the starter version of the iPad mini ($329.00).
Shares of Apple are up about 1 percent on the session.
According to market reports, Best Buy (NYSE: BBY) is slashing prices on Apple's (Nasdaq: AAPL) iPad tablet by as much as 30 percent. Of note, the iPad is the third-generation model, not the newest. The device still has retina display, but a slower processor and 30-pin connector. If you're okay with that, you can get an iPad starting at $314.99 with 16-gigabytes of storage and Wifi connection.
CultOfMac notes the following price changes:
- 16GB iPad WiFi + Cellular for $405.99 (was $579.99)
- 32GB iPad WiFi + Cellular for $475.99 (was $679.99)
- 64GB iPad WiFi+ Cellular for $545.99 (was $779.99)
- 16GB iPad WiFi for $314.99 (was $449.99)
- 32GB iPad WiFi for $384.99 (was $549.99)
- 64GB iPad WiFi for $454.99 (was $649.99)
As mentioned, Best Buy might be making the move to free up some space for the next-generation iPad, which might be delayed due to the late-2012 launch of the fourth-generation iPad and iPad mini.
Also of note, the lowest-cost iPad at Best Buy is coming in the starter version of the iPad mini ($329.00).
Shares of Apple are up about 1 percent on the session.
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