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16GB iPad 2 gets a $100 price cut (Update: New Indian prices)

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The new iPad is the hot news right now but Apple also made an important announcement regarding the existing iPad 2. iPad 2 will now be $100 cheaper than it was sold previously, which means the competition in the tablet market will be fierce than ever.

For just $399, a consumer will be able to buy the 16GB Wi-Fi-only version of the iPad 2 whereas the 3G version will go for $529.

Update: We just got the offical prices from Apple India:
16 GB Wi-Fi is now Rs. 24,500 Rs.29,500
16 GB Wi-Fi +3G is now Rs. 32,900 Rs. 36,900
32GB Wi-Fi is now Rs.30,500 Rs.34,500
32 GB Wi-Fi + 3G now Rs. 38,900 Rs. 41,900
64 GB Wi-Fi is now Rs.36,500 Rs.39,500
64 GB Wi-Fi +3G is now Rs.44,900 Rs.46,900

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