Ahead of iPad 3 Release Date Best Buy Offers $50 Price Cut on iPad 2

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With rumors of iPad 3 release date announcement and parts all around the web, new details keep appearing which continue to point to the fact that Apple is looking to introduce iPad 3 in early March. Usually, prior to Apple’s announcement, major resellers of Apple hardware, such as Best Buy cut prices and clear out inventory for upcoming refreshes.

On Monday, Best Buy began to offer a $50 discount on the iPad 2, dropping down the price to $449.99 for the 16GB WiFi model. Alongside these price counts, Engadget reports that Best Buy is updating its internal inventory management systems to show a “deleted” status for the current iPad 2.

Best Buy generally does not have knowledge of product announcements, however, with numerous credible reports suggesting that the iPad 3 is expected to be released on or around March 7th, the retailer is readying for stock of the next gen iPad. Other stores have also cut prices on the iPad 2, including grocery and retail store chain Meijer, which reduced the entry-level iPad for $429, a $70 discount from the regular retail price.

Meijer’s prices have since then, returned to normal, but it is likely that the chain is preparing for an iPad refresh. In the past, all major retailers have cut prices on the previous generation iPhone and iPad, including RadioShack and Walmart, which may reduce the price as the iPad 3 release date nears.

{via MacRumors}

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Kaled AliAhead of iPad 3 Release Date Best Buy Offers $50 Price Cut on iPad 2