Revised tablet set to be announced tomorrow during Apple media event.
An Evercore Partners analyst believes Apple will phase out the iPad 2 following the launch of the iPad Mini.
Rob Cihra said the firm could phase out the iPad 2 due the company's vision leaning towards "clearer product tiers".
Released back in March 2011, the iPad 2's Wi-Fi 16GB model is available at an Apple store for $399, while the Wi-Fi and 3G variant is priced at $529. Comparatively, the third-generation iPad retails at $499 for the 16GB Wi-Fi version, with the 64GB Wi-Fi and 4G model featuring a $829 price tag.
As for the price of the iPad Mini, its Wi-Fi 8GB model has a reported price tag of $322, while the 64GB cellular version will retail for $650.
The iPad Mini, which Apple has apparently ordered 10 million units of, is due for an official announcement tomorrow. A release date is apparently scheduled for a week later on November 2.