First-Generation iPad Prices Reduced by $100

With the announcement of the iPad 2 at a media event today, Apple has reduced prices on first-generation iPad models in its online store. The new prices are available through a special clearance page. Each model has been reduced by $100, bringing the price for the entry level 16 GB Wi-Fi-only iPad to $399 and the most expensive 64 GB Wi-Fi + 3G model down to $729 from its original price of $829.

Refurbished first-generation iPads are also currently available at the time of this post, offering prices even lower than the clearance levels. A refurbished 16 GB Wi-Fi iPad 1 is priced at $349, while a refurbished 64 GB Wi-Fi + 3G iPad 1 is $659. Refurbished iPads are available in Apple's U.S. online store here.