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Apple Inc. Message Board

  • calls_them_as_i_see_them calls_them_as_i_see_them Apr 6, 2013 6:17 AM Flag

    WMT, BBY Confirm iPads Discounts Are Spring Sale, Not For New Models..

    This is troubling. Most thought that the iPad discounts were to clear inventory for new model. Both Walmart and Best Buy have confirmed the discounts are for "Spring" sales which is code for "these things aint selling and they are tying up inventory $$$$".

    Wal-Mart Stores Inc. (WMT) and Best Buy Co. (BBY) have cut prices on some iPads, offering discounts of as much as 30%. The moves raised speculation the retailers may be trying to reduce their inventory of iPads ahead of a new offering from Apple .
    Both retailers quashed that speculation, and Apple didn't respond immediately to messages for comment.
    Thursday, Wal-Mart cut $30 off its price for 16-gigabyte iPad minis with Wi- Fi, selling them online and in store for $299 . Spokeswoman Sarah Spencer said the price reduction is timed for Mother's Day , Father's Day and graduation gifts. She said the lower price is temporary, but Wal-Mart would be restocking stores with more of the tablets at the lower price for the time being.
    Best Buy has been selling its inventory of the third-generation iPad at a 30% discount for nearly three weeks as part of a spring clearance, spokesman Jeff Haydock said. Supplies of the third-generation iPad are spotty at stores, he said, and the sale would clear out inventory of the discontinued product. IPads still in production--iPad 2, iPad mini and the latest iPad--are being sold as usual.
    Apple started selling the latest iPad and iPad mini in November.
    Wal-Mart shares rose 19 cents Friday to $76.39 , Best Buy climbed 32 cents to $ 25.45 , and Apple fell 1.1% to $423.20 .

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