Apple iPad Mini has already joined up the under $400 products of Apple like iPad 2 and iPhone. Now Apple is trying to be restrictive to invest much money in the upcoming iPod Touch. The reason behind this decision may be the limited sales growth of the redesigned products.
KGI Securities Revealed this Plan
According to an Analyst of KGI Securities, Ming-Chi Kuo it has been revealed in a research note that already iPod Touch has entered in the last phase of the production life cycle. Earlier the version was released at the price tag of $299, but its sales were significantly affected by the launching of iPhone and the new iPad Mini.
Apple’s Announcement for iPod Touch
On Tuesday, Apple unveiled iPad Mini and announced that the collective sales of iPod Nano and iPod Touch gadgets were recorded to be 3 million units. As the iPad and iPhone, have taken the spotlight so iPod has to satisfy by taking the back seat.
However, even if the sales are diminishing Apple is not going to discontinue the iPod Touch product. Moreover, iPod Classic priced at $249 has a 160 GB of storage memory will be continuing in Apple’s product lineup.