I would have purchased a new iPad last year, except Apple didn't release a new one with an A10 processor, they simply chopped $100 off the old one with the A9X processor. And then in March, they released a 'new' iPad that, although cheap, uses an even slower processor than the A9X... No thanks, Apple, when I declined to purchase a $800 iPad (128GB 9.7 Pro) it wasn't because I was waiting for a slower $430 iPad (the new 128GB 9.7.) Give me the chance to purchase an A10 iPad - or even better, an A10X.
This, by the way, is to replace my aging 3rd gen iPad from 2012, the first of the retina ones. It's been working fine, but now Apple doesn't support the latest iOS on it, and its performance is quite lacking now. So one reason that I'm waiting for a speedy iPad is because I'm looking for one that'll keep me satisfied for another five years. Offering a cheaper, slower iPad doesn't entice me. (Although I guess I can buy the cheaper iPad, then in another three years, buy another cheaper iPad, and kinda come out ahead...?)
(ps - is it odd that a 128GB iPod costs nearly as much [$400] as a 128GB iPad? What are Apple thinking?)