Though the starting price of the iPad mini is higher than many had expected, Wall Street analysts believe the storage capacity and build quality offered by Apple will be more than enough to court consumers and make the product a success.
Though Apple stock fell after Tuesday’s iPad mini announcement with a $329 starting price, analysts are largely sticking by their price targets for AAPL stock. Chris Whitmore of Deutsche Bank said pricing of the iPad mini was a “modest disappointment,” but he still expects the product to perform well.