This new product from Apple - the iPad Mini - will disrupt the market again: it is now the new category killer. Competitors will need to return to their R&D centers and find ways to develop even cheaper versions of their products and figure out how to profit from content, while Apple will continue to make a profit from both hardware and content.
The popularity of the brand, the iOS ecosystem, and now a more affordable price tag will make the iPad Mini a hot product this Christmas season. Despite a higher price and strong competition from the Google's Nexus 7 and the Amazon Kindle Fire, Apple continues to deliver the best in class integration between software and hardware, delighting users with a rich content experience.
When Apple launched the first iPad, consumers didn't know what to do with it, but they did know that they loved it and wanted it. Now Apple has launched a product for those who always knew what to do with a tablet, but could previously never afford one.