When Apple launched the first ever tablet with Retina display, the company reduced the price of the iPad 2 in order to have a low cost model for those who were not willing or able to pay full price. Three generations of iPads later (not to mention the iPad mini), Apple was still selling the iPad 2 for $399. At this point, the iPad mini with Retina display costs the same price as that outdated second-generation Apple tablet.
Today, Apple has finally decided to put the iPad 2 out to pasture. The company now offers the fourth generation iPad with Retina display for the incredibly low price of $399.