iPad Mini Accounted For 64% Of All iPads Shipped Last Quarter

If there is one solid argument for Apple to make that lower priced iPhone, this would be it: we spotted this stat today, that almost two-thirds of all iPads shipped this last quarter were iPad Minis (Source)

How do we digest this stat? Apple has been great at avoiding product cannibalization in the past - but as multiple 5inchplus devices emerge, Apple faces many challenges in this area.