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Apple May Lower iPad Prices

stevejobsipad.jpgApple executives have told Credit Suisse analyst Bill Shope that the company would cut the price of the iPad if demand for the product will not be as high as they would like, reports the Wall Street Journal.

This comes after an already aggressive pricing range that is lower than many speculators anticipated, from $499 for 16GB of memory and no 3G support to $829 for 64GB of memory with 3G support. This would not be the first time that Apple has dropped prices soon after a product was released: it dropped the price of the original iPhone by $200, from $599 to $399, after only two months.

The potential price drop means that those who buy the device early may end up paying quite a bit more than those who wait a couple months. When Apple dropped the price of the iPhone by $200, it offered customers who had already purchased the device $100 in store credit usable at Apple Retail Stores and the Apple Online Store. If it drops the price of the iPad, existing customers may be presented with a similar offer.

[Image by Mike Lee]

Posted in Tech.

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