EXACTLY! Its so sad to see Apple defenders run to the "Apple doesnt do cheap products" excuse without even realizing that Apple has used strategic pricing numerous times in order to dominate a market. The iPad was a "bargain" at $499, the cost of the iPod Mini/Nano was amazing considering the technology at the time and the iPhone subsidized price drops completely disrupted the smartphone industry.Step back in time. When iPad 1 was a mature rumor, the intelligent guessers here were throwing around entry prices of $699 to $999. When $499 rolled out, the vast majority here were entirely shocked. The word "bargain" was tossed about in good volume.
This mini wouldn't be "bargain bin" at $299, $279, or $249. In fact, it would still be toward the premium pricing end of the 7" mix of tablets. However, breaking $300 would have been a big psychological win.
Yet when it comes to the iPad Mini then people act as if $299 is "too little" for Apple to charge despite it having specs from 2 generations ago? We're going to see cost breakdowns soon and Apple will likely maintain their 50%+ profit margins so lets not pretend this is a reasonable price for what we're getting.
(BTW. Im getting one and gladly admit Im a sucker for Apple products. Its the exact product I've been asking for since 2009 so its easily worth it to me)