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Apple drops price of original iPad mini to $299

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iPad Mini 1st generation (STOCK)
iPad Mini 1st generation (STOCK)

With the second-generation iPad mini now official, Apple is today slashing the price of the original model. The first iPad mini will remain in the company's tablet family priced at $299, a lower cost that could help Apple combat aggressive pricing from competitors like Google and Amazon. It doesn't quite match the $229 price point of the Nexus 7, but the original iPad mini now represents the cheapest way into Apple's tablet lineup.

Announced one year ago starting at $329, the original iPad mini — along with the iPad 4 — sold three million units during its first weekend of availability. Since then, research from NPD and others has shown that the smaller-sized iPad has quickly grown just as popular, if not more so, than the larger model.