i-Pad 2- a costly little beautiful gadget

The iPad mini with Retina screen is everything the little tablet deserved to be - a more compact equal of the bigger iPad with no compromises made. And unfortunately, it's just one thing short of what we all thought a compact tablet should be - cheap. Well, Apple isn't exactly known for selling cheap, it's quite on the contrary.

Last year's iPad mini was more of a byproduct of the iPad lineup - with a significantly cheaper price, a different design and somewhat inferior hardware, the baby iPad was quite different to its full size sibling. This year marks a shift in Apple's product strategy. Now, the two new iPads are equals - with the mini being merely a scaled down version of the same spectacular screen tech and the same high-performance internals.

There's been no corner cutting this time and the new iPad mini is more expensive as a result. We guess the price hike comes only to highlight the iPad mini's new standing in the pecking order - it's no longer the budget option - it's the more portable version of the same flagship product. A lower price point would have also hurt the big iPad sales because the two tablets are not at all that different.

You would actually be amazed how identical the two look. But that's a good thing in a sense. Users no longer have to pick one of the two based on feature set or design, or bezel size for that matter. Now, you can just pick the size that's right for you. The high-end user experience is all there without any give or take.

  Apple iPad mini 2 press photos

Comparing it to its predecessor, the Apple iPad mini with Retina screen looks no different either, but that's until you turn it on. The new screen is impressively sharp and the new chipset is blazing fast, meaning loading times in most apps are noticeably faster now. The Wi-Fi speeds have doubled, there is a seriously bigger battery inside, there is a second mic for noise cancellation and now you have a brand new 128GB version, if you've got the money to burn - the last generation iPad mini maxed out at 64GB.

Key features

• 7.9" LED-backlit IPS LCD touchscreen, 1536 x 2048 pixels, ~ 324 ppi, oleophobic coating
• Wi-Fi 802.11 a/b/g/n connectivity with MIMO dual antennas
• Optional 2G/3G GSM, CDMA, LTE connectivity (data only, separate models)
• Optional GPS with A-GPS support (for the Wi-Fi+Cellular model only)
• Dual-core A7 64-bit 1.3 GHz Cyclone (ARM v8-based) chip with M7 motion coprocessor
• PowerVR G6430 quad-core GPU
• 1GB of RAM
• iOS 7 with gesture support and a premium set of free Apple apps - iLife, iMovie, iPhoto, etc.
• 16/32/64/128GB of inbuilt storage
• Weight of 331g (341g for the Wi-Fi + Cellular option)
• Bluetooth 4.0
• Lightning USB port
• Stereo speakers
• Accelerometer, compass and three-axis gyro-sensor
• 5MP auto-focus camera
• 1080p video recording at 30fps
• 1.2MP 720p secondary camera capable of FaceTime calls
• 23.8 Wh Li-Po battery
• 1080p TV-output with the Apple Digital AV Adapter (purchased separately for $49), 1080p video streaming or separate audio streaming via AirPlay
• Supports magnetic cases
  

Main disadvantages

• Expensive for a compact tablet
• Non expandable memory, extra storage is largely overpriced
• Tied into iTunes for uploading most of the content
• No standard USB port
• No GPS receiver in the Wi-Fi-only version

The new iPad mini is exactly the same size like last year's with a mere .3mm difference in thickness. You wouldn't feel that sort of difference even if you had both in your hands. What you may notice is the difference in weight. The new iPad mini is 23g heavier to accommodate the larger battery, which should deliver the same endurance despite the quadrupled resolution.

The new dual-core 64-bit A7 chipset inside the new mini jumps two generations ahead of the A5 processor in the original. It's not that the older mini was sluggish, but the new device is notably faster and more responsive in almost all apps we tried.

Last season's bigger iPad at least had the luxury of being more powerful but those days are gone. Now the two size of iPads have equally good specs, which kinda puts the iPad Air in a sticky position. It's true that the bigger Air is easier to carry than any other full-size iPad and the slimmer frame helps single-handed operation but there's no avoiding the fact that the iPad mini is the friendlier form factor.

The iPad mini's handling and portability could be the big decider for a lot of people who are eyeing a new iPad for Christmas. To be honest, we don't think Apple will mind no matter which one you pick.

Apple sells a record $17 billion in debt

NEW YORK: Apple sold $17 billion in bonds on Tuesday in a record deal spurred by the company's plan to placate its frustrated shareholders.

The Cupertino, California-based company sold the bonds in its first debt issue since the 1990s to raise money to pass along to shareholders through dividend payments and stock buybacks. The payments are part of an effort to reverse a 37% drop in Apple's stock price during the past seven months amid intensifying concerns about the company's shrinking profit margins as it faces more competition in a mobile computing market that Apple revolutionised with its iPhone and iPad.

Apple has $145 billion in cash, more than enough for the $100 billion cash return programme it announced last week. However, most of its money sits in overseas accounts, and the company doesn't plan to bring it to the US unless the federal corporate tax rate is lowered.

With interest rates so low, it makes sense for Apple to borrow a large sum of money rather than pay a big tax bill.

What's more, raising the money through a corporate bond sale gives Apple a tax benefit. That's because interest payments on corporate debt are tax-deductible.

The downturn in Apple's stock price obviously hasn't dampened bond investors' enthusiasm for one of the world's most prosperous companies. Demand for a piece of Apple's offering was so intense that bankers believe they could have sold twice as much debt, according to The Wall Street Journal.

As it is, the $17 billion bond offering is the biggest ever. The previous record for a corporate bond deal was set in 2009 when Swiss drug company Roche Holdings completed a $16.5 billion issue, according to research firm Dealogic.

With the demand outstripping the supply for the Apple bonds, the investment bankers were able to lower the interest rate to be paid on the debt.

Apple laid out its plans to issue six different types of bonds in a Tuesday regulatory filing. The bonds range in duration from three years to 30 years.

As of late Tuesday night, Apple still hadn't filed additional documents to break down the final pricing and yields on the bonds.

In a story posted late Tuesday on its website, the Journal said Apple borrowed $5.5 billion for 10 years at 2.415%. Other yields included 0.511% for three-year bonds and 30-year bonds at 3.883%. The Journal said the rates were comparable to what a company with a triple A credit rating could command.

Ratings agencies Standard & Poor's and Moody's last week rated Apple at one rung below their highest rating for issuers. Moody's said only four non-financial companies have the highest rating, and Apple doesn't deserve it because it could adopt an even more shareholder-friendly policy, and its policy of not repatriating cash could force it to borrow more.

Apple's stock added $12.66, or nearly 3%, to close on Tuesday at $442.78. The shares have now risen by 9% since Apple announced its plan to return $100 billion to stockholders.