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I for one was hoping for an upgrade to this range in particular, and the fleeting mention in the stream was a bit shocking.

I have the 1st Gen mini, and didn't see enough to upgrade to the retina, and was hoping for a chip upgrade and camera upgrade, but alas nothing.

I almost feel as if there are 2 outcomes here; 1) the mini gets an update in March-ish and has some kind of A8Y chip especially for the mini, or 2) that is the last update we ever see for the mini

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why would that be the last update ever for the mini?

There wasn't a real update other than the TouchID, why would they update the iPad Air but not the Mini, in terms of chips and cameras?

When apple updates their products, they won't upgrade every-single-item-they-sell. They may refresh the item, but a robust upgrade may come next year.

The mini has proven to be wildly popular, so they will certainly upgrade it next year.

IMO, the mini 2 is already pretty awesome, I can't see any reason for stuffing it with a faster processor when that wasn't a bottleneck for most people

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