Due to the tablet apparently offering higher quality, Apple marketing chief Phil Schiller believes the iPad Mini warrants a higher price tag than its rivals.
Rival 7-inch tablets cost as little as $199, but the iPad Mini will set consumers back $329. However, during an interview with Reuters, Schiller defended the price of the recently unveiled 7.9-inch tablet by saying customers have been shelling out more cash for the 9.7-inch iPad over its competition.
"The iPad is far and away the most successful product in its category. The most affordable product we've made so far was $399 and people were choosing that over those devices," Schiller said. "And now you can get a device that's even more affordable at $329 in this great new form, and I think a lot of customers are going to be very excited about that."
"Others have tried to make tablets smaller than the iPad and they've failed miserably," Schiller said regarding the iPad Mini's thin and light design. "These are not great experiences."
The iPad Mini least-expensive variant is $329 for the 16GB W-Fi version. Rival 7-inch tablets such as Google's Nexus 7, Amazon's Kindle Fire HD and the Samsung Galaxy Tab 2.0 sell for $199. While Google's Nexus 7 only comes with 8GB of storage, the Kindle Fire HD sells for the same $199 price and matches the iPad mini's 16GB of storage.