After unveiling  the new iPad at today’s event, Apple officially confirmed it would continue selling the iPad 2. The entry-level 16GB Wi-Fi-only iPad 2 will get a price drop to $399. The Wi-Fi+3G model will sell for $529. The price drops will presumably take effect immediately, because  preorders for the new iPad begin today.

Get all the details on the new iPad’s Retina display, LTE-capabilities, new camera system, and A5X quad-core graphics processor at 9to5Mac.


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