With the launch of the new iPad in the United States, Apple announced a decrease of the price of its iPad 2 from CNY3,688 to CNY2,988 in China.

The new iPad has a retina screen, enhanced resolution, and the retail price starting from USD499. According to Apple's plans, this third-generation iPad product will be put into the market on March 16, 2012, and Hong Kong is among the first batch of regions that can experience the new iPad.

With the launch of the new-generation product, Apple decreased the price of iPad 2 accordingly. The company lowered the price of the 16GB Wi-Fi version to USD399 and the Wi-Fi+3G to USD529. In accordance with established practice, Apple will soon stop the production of 32GB and 64GB iPad 2.

Apple's Chinese official website has updated the prices for iPad 2. For the Wi-Fi version, the 16GB, 32GB and 64GB products are sold at CNY2,988, CNY3,688 and CNY4,488, respectively; while for the Wi-Fi+3G version, the prices are CNY3,988, CNY4,688 and CNY5,488.