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 .
You put stuff on sale to bring in customers. Wal-Mart wants to sell you lots of stuff and offering a discount on an IPad will bring in more affluent customers. Apple gets its $ from Wal-Mart not from Wal-Marts customers.
If they knew new models were coming, do you really think WMT and BBY would tell customers that the products on sale were soon going to be obsolete. Do you think that would help them clear their inventory? And where did they actually say they don't expect new Apple products? Your post is laughable.
It's not surprising. Apple's target market are not the typiical Walmart shopper. Many wouldn't even be seen in a Walmart, let alone buy their iPad there. Best Buy is where people go to check out stuff in person and then go buy somewhere else online. Apple has their own stores and oh, a website too.
I think you might have missed my point. The thinking was that iPads were put on sale to make way for new versions. Walmart and Best Buy say no, we are putting on sale for Mothers day etc. This tells me that besides sales being slow, nothing new is on the horizon either.