No one really expected Apple to refresh the iPad at this past event; some people were even upset about it. The biggest complaint for most consumers is the buyer's remorse from the 3rd Gen iPad. Obviously it's a little frustrating to purchase a new product, only to find that a few months later it isn't new(pun intended) anymore.
But as pointed out by Techno Buffalo, this refresh creates a whole new issue for consumers: when is the 5th Generation coming?
Apple is known for their reliable one-year launch cycle for devices. Folks have come to love this about Apple because, unlike Android, when you buy the new iPhone, it remains new for a least a year. With this latest iPad release, it creates a hesitation when buying because prior to this model, new iPads came in the spring. Now consumers have to wonder if they will continue that spring cycle, or a new fall cycle. So now not only is the preconceived life cycle of the iPad diminished, but I think that people will be somewhat scared to drop $500 on an iPad when a new version could be right around the corner.
All that said, if you are happy with your current iPad and it does everything you need it to do, then keep it. If you have never owned one, or are still using the first gen model. then go for the iPad 4(yeah I said it).
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