Saturday, November 10, 2012

Apple Inc. (NASDAQ:AAPL): iPad Mini with LTE to be Shipped Next Week

It has finally been confirmed that Apple Inc.(NASDAQ:AAPL) will start dispatching cellular versions of its latest offering – the iPad Mini. Apple had stated earlier that the Wi-Fi version of iPad Mini would be in stores ahead of the LTE model. It was said that shipping of the latter will begin two weeks after the Wi-Fi model hits the shelves. On Friday, the company quoted estimates regarding the shipping of the LTE version of the tablet.

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The first weekend of sales showed that 3 million models of the iPad mini and the fourth-generation iPad had been sold. Although Apple did not give precise numbers for both models, analysts have predicted that a major chunk of those sales have come from the sale of the iPad Mini.

Apple has not mentioned a particular date when the shipment of the LTE iPads will begin or when they will be available in stores. The iPad Mini is priced at $329 for the basic model and has a 7.9-inch screen. Carriers like Sprint, Verizon, and AT&T are offering the LTE version at $459 along with a service contract.

According to the AppleInsider, the iPhone 5 has also started bridging the gap between supply and demand and might be available in the coming weeks. Piper Jaffray’s Gene Munster had examined the supply rooms at 100 Apple stores selling the iPhone models with contracts from AT&T, Verizon and Sprint networks. Sprint had the highest stock, followed by AT&T and Verizon. Munster feels that the Apple iPhone 5 might be available in stores in just 2-3 weeks.

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