Apple drops price of the iPad 2 to $399

Alongside the announcement of third-generation iPad and Apple TV hardware, Apple today announced that it was dropping the price of the base iPad 2 model to $399. The 16GB version will continue to be sold in black and white alongside the third-generation iPad—referred to by the company as “The new iPad”—which will assume the prior iPad 2 price points of $499-$699 for Wi-Fi-only models and $629-$829 for 4G-enabled units. Apple did not indicate that it would continue to sell Wi-Fi + 3G iPad 2 units, but will likely have some supply available at a modest discount until supplies run out.