Next Apple (AAPL) iPad May See Delay; Lower-Priced Offering Expected
According to KGI Securities' Ming-Chi Kuo, trouble packing enough pixels into the 7.9-inch display to qualify it as 'Retina' is root of a potential delay. The analyst now sees Apple's next iPad mini being made available in October, versus prior expectations of an August-September release.
In the interim, Kuo expects Apple to release a lower-cost version of the device to help boost sales. Prices could range from $199 to $249, with the current iPad mini sitting at $329.
Production issues have been troubling Apple as of recent; shares are down markedly since the debut of Apple's iPhone 5 last September due in part to panel production constraints.
Ahead of the better, Apple is up 0.5 percent.