Apple's (NAS: AAPL) newest product, the iPad mini, went on sale today at retail outlets across the world.

Reuters reports that crowds were smaller than for previous products.. However, there are reports of it selling out at Apple's Fifth Avenue store in Manhattan, and those ordering online will have to wait two weeks to have it shipped.

The iPad mini sports a 7.9-inch screen and is 53% lighter than the iPad 3. The small tablet's price begins at $329 for the 16GB model and advances to $529 for the 64GB model.


Apple also released its newest version of the iPad tablet -- the iPad 4. The iPad 4, boasting a retina display for its 9.7-inch screen, begins pricing at $499 for the 16GB model and advances all the way to $699 for the 64GB model.

Analysts have predicted Apple will sell around  1 million to 1.5 million iPad minis in the first weekend. 

link

The article iPad Mini Crowds Not Blockbuster originally appeared on Fool.com.

Dan Carroll has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple. Motley Fool newsletter services recommend Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Basics of Diversification

Learn one of the fundamental concepts of building a portfolio.

View Course »

Understanding Stock Market Indexes

What does it mean when people say "the market is up 2%"?

View Course »

Add a Comment

*0 / 3000 Character Maximum