Apple May Phase Out iPad 2 After iPad mini Launch
Mashable

Apple is no longer selling and has stopped sending iOS updates for the original iPad. The iPad 2, which is still available in Apple's website and the Apple Store for $399, may also soon be phased out. Evercore Partners analyst Rob Cihra said Apple pull the iPad 2 from shelves to make way for the iPad mini. Apple has scheduled an October 23rd event to unveil a miniature version of the 9.7-inch iPad. The iPad mini is expected to be an iPad 2 shrunken down to a 7.85-inch display: just a slightly upgraded processor, non-Retina display and same 1024 x 768 resolution, and price range just slightly lower than the $399 price tag of the iPad 2.

What Else You Need To Know

  • Apple's text for the October 23rd event in San Jose, California, was scarce of details, only saying: "We've got a little more to show you."
  • Sites have claimed that the iPad mini would have a 7.85-inch display, a brushed aluminum backside, a lower resolution than the 9.7-inch iPad 3's highly touted 2048 x 1536 Retina resolution display, and a price tag significantly below the $499 entry-level iPad 3.

Other sources

Phasing out the iPad 2 could potentially drive higher unit sales of the iPad Mini. - Jenni, Pad Gadget  
After all, the iPad mini should measure-up to or exceed the iPad 2 in nearly every way, and as it’s expected to launch slightly cheaper than the iPad 2 is selling for now, it might not make that much sense to continue selling the old model. - Stephen Schenck , PocketNow  
Other
iPad Mini Expected to Somewhat Cannibalize Full-Blown iPad
BGR
Apple will reportedly drop iPad 2 from lineup after iPad mini launch
Apple will reportedly drop iPad 2 from lineup after iPad mini launch
IntoMobile
Rumor: iPad 2 to be phased out after iPad Mini launch  

The 7.85″ iPad Mini is expected to come with multiple storage capacities, with 8, 16, 32, and 64GB variants at increasing price points, and will be unveiled at Apple’s event on October 23rd in San Jose.

Other
iPad Mini Expected to Oust iPad 2 from Apple’s Lineup  

Phasing out the iPad 2 could potentially drive higher unit sales of the iPad Mini.

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Apple May Discontinue iPad 2 to Make Room for iPad Mini
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Apple iPad 2 Might Be Phased Out When iPad Mini Introduced
Mashable
Farewell, Faithful Old iPad 2?
TN
Apple Supposedly Phasing Out iPad 2 to Make Room for iPad Mini Production  

A total number of 26 million units of the iPad are expected to be moved during the holiday season. For the year 2012 Apple’s revenues are up 30% from last year, while the entire PC market dropped 4% this year.

 
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