Apple iPad 3 to Launch at Current Price Points as iPad 2 Discounted, Discontinued

Apple is expected by many to break from its typical cycle of releasing new mobile device models annually when it launches the iPad 3 ahead of the holiday season this year.

The new iPad model will supposedly feature a high-resolution Retina Display, and earlier reports suggested that the new tablet would be an iPad Pro model that would compliment the iPad 2 rather than replacing it.

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A new report from Taiwan Economic News claims that Apples third-generation iPad could launch at the iPad 22s current price points, however, and Apple will then discount the iPad 2 in order to clear inventory.

Apples original iPad models were discounted by $100 each and by as much as $300 by third-party retailers following the launch of the iPad 2, and Taiwan Economic News cites anonymous industry executives in claiming that Apple may use a similar formula to clear iPad 2 inventory once the next-generation tablet launches.

The report also notes that Apples iPad 3 will launch by this Thanksgiving or next year.

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