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iPad Mini pricier than rival tablets

SAN JOSE, Calif. – Apple Inc.’s pencil-thin, smaller iPad will cost much more than its competitors, signaling the company isn’t going to get into a mini-tablet price war.

The company debuted the iPad Mini Tuesday, with a screen two-thirds smaller than the full model, and half the weight. Customers can begin ordering the new model Friday. In a surprise, Apple also revamped its flagship, full-sized iPad just six months after the launch of the latest model.

Apple’s late founder Steve Jobs once ridiculed a small tablet from a competitor as a “tweener” that was too big and too small to compete with either smartphones or tablets. Now Apple’s own Mini enters a growing small-tablet market dominated by Amazon.com Inc.’s Kindle Fire.

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