Rather than introducing a smaller iPad utilizing older technology, say a smaller iPad 1 or 2, Apple packed its newer technology including the A5 processor from the iPhone 4S into the iPad Mini.

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Apple recorded iPad 2 unit sales of close to 1 million in the very first week.

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Apple's iconic iPad tablet has a 9.1% share, according to a recent study by Cyber Media Research.

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Apple announced this morning that it sold its 1 millionth iPad last Friday.

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Apple declined 2.1% on reports the iPhone maker is reducing iPad Mini shipments in the second quarter to 10 million to 12 million units.

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In early January, CloudOn launched on iOS and quickly became the no. 1 Free App and the no. 1 Productivity App for iPad in the U.S. Apple App Store.

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Apple developed a 1-gigahertz processor called the A4 that powers the iPhone 4 and iPad.

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One component supplier to Apple said the company has already placed orders for parts for about 1.5 million iPad 3s in the fourth quarter.

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As Apple pointed out in its first press release on iPad sales, it only took 28 days to sell 1 million iPads.

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