Reuters reports today that Appleâ€™s Phil Schiller has spoken out in defence of the iPad miniâ€™s entry-level price point of $329. Reuters says that while some people have complained that the price is too high, Schiller says that he thinks that customers will be prepared to pay more for a high-quality device.
Reuters reports that some analysts on Wall Street expressed concern that the iPad mini might be too expensive for some consumers. However, in a separate report, AppleInsider notes that the likes of Chris Whitmore of Deutsche Bank said that they still thought that the iPad mini would perform well, although acknowledging that the price was a â€œmodest disappointment.â€
Source: Apple's Schiller defends iPad mini's price tag | Reuters
Market watchers expect $329 iPad mini will justify its price to consumers