Apple Selling Refurbished iPad Tablets Starting at $299

It's out with the old and in with the new over at Apple, which just recently unveiled its highly anticipated new generation (or third generation) iPad tablet that will go on sale March 16, 2012. Apple maintained the same price points for new model iPads as previous generations ($499 and up), which means you can score an older model at a discount.

In fact, Apple just slashed the price of its inventory of refurbished 1st generation iPad devices by 25 percent, which works out to $100 off. Only available in black, Apple's remaining stock of 1st generation refurbished iPad Wi-Fi models are now going for $299 (16GB), $399 (32GB), and $499 (64GB), all in black and ready to ship in 1-3 business days from the Apple Store. Models with a 3G radio built-in are selling for $399 (16GB), $499 (32GB), and $499 (64GB), so you might as well skip the 32GB model.

Refurbished 1st generation iPad devices can be had for as little as $299 (16GB, Wi-Fi) from the Apple Store.

Despite being a 1st generation device, the $299 price point for the 16GB model is compelling proposition. Consider that before last week's announcement, it was only a generation behind, and technically still is (until next Friday). As a refresher, the original iPad has a 1GHz Apple A4 processor, 9.7-inch LED backlit IPS display with a 1024x768 resolution (same as the iPad 2), 256MB of RAM, and built-in Wi-Fi and Bluetooth.

It doesn't have built-in cameras like the iPad 2, though quite frankly, the rear-facing camera on the 2nd generation iPad is junk, and the front-facing camera is merely adequate for FaceTime. The iPad 2 also introduced a dual-core A5 processor and 512MB of RAM, as well as a slimmer and lighter design. If those upgrades tickle your fancy, Apple's also selling refurbished iPad 2 models for $50 off, starting at $349 for the 16GB Wi-Fi model in either black or white, and starting at $479 for models with 3G.