In addition to the official unveiling of "the new iPad", Apple has also announced that the current iPad 2 will still sell alongside the new iPad, but at a slightly lower price.

The base 16GB WiFi only version of the iPad 2 has been reduced to $399, while the 3G model will now sell for US $529. The new price for the iPad 2 puts a lot of pressure on the competition as, until now, the biggest dissadvantage of the iPad 2 was always its premium price. However, at $399 the cheapest 16GB WiFi version looks like a pretty good deal compared to 10-inch Honeycomb tablets.

Apparently, Apple hopes that this lower price will attract schools and other institutions that will buy iPads in large numbers.

More here.