Apple stock knocks down after Tuesday’s iPad mini launch announcement with a $329 initial price. C. Whitmore of Deutsche Bank thought pricing of the iPad mini was a modest disappointment, but he still believes the Apple’s iPad mini to perform well. The features of the new iPad mini are greater than expected; mainly the iPad mini’s 16 GB.
The compact Apple tablet looks & feels terrific which will validate the top pricing of the new device above all competitors like the Google Nexus 7 and the Amazon Kindle Fire HD.
“High quality features of the hardware, we suppose the iPad mini device will be well received by customers once they have a chance to test it,” Whitmore said.
Needham with Charlie Wolf & Company expects the new iPad mini will enlarge the modern tablet market & also make it hard for competitors in the entry level market segment.
Canaccord Genuity’s M. Walkley thought Apple’s pricing of the iPad mini will allow the company to maintain leading market share of the rising tablet market. Apple provides improved hardware along with an integrated & strong consumer experience than other manufacturer’s competing, low priced tabs.
S. Wu of Sterne Agee said,” We believe new iPad mini is the contest’s worst nightmare & expected to drive big incremental volume,”
Morgan Stanley’s Huberty compared the new iPad mini to the Apple’s iPod.
She wrote; “Apple has good experience in extending a device line to a cheaper and smaller form factor“
P. Jaffrey with Gene Munster said “the new iPad mini has given him better confidence that the Apple’s iPad mini will be a big part of iPad maker’s story moving ahead”. He believes its main quality is the price at $329 & its dimensions will validate its value.