In this edition of MarketFoolery, host Chris Hill and analysts Joe Magyer and Tony Arsta look at Apple's most surprising number recently: the price of its iPad Mini.
At $329, the device is higher-priced than those of its nearest competitors, and actually a bit closer to their existing larger iPad device in price. Joe's initial impression is that the price was a little rich, but after a letting it sink in he's come around to the idea and thinks Apple will be able to pull off the premium price tag.
With that said, though, the guys do think there's a bit of product creep in Apple's portfolio, which stands in stark contrast to the Steve Jobs era of a slim and focused suite of products.
The article Apple's Surprising Number originally appeared on Fool.com.
Chris Hill owns shares of Amazon.com and Microsoft. Joe Magyer owns shares of Amazon.com and Google. Tony Arsta has no positions in the stocks mentioned above. The Motley Fool owns shares of Apple, Amazon.com, Google, and Microsoft. Motley Fool newsletter services recommend Apple, Amazon.com, Google, and Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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