Too many people with this mentality, is the reason why Apple will continue to raise prices to unreasonable levels while trickling out minimal improvements and get away with it.
Except this is the same price as a 4 year old device (-64 gb storage) and has much better specs so your point is not relevant to the new iPad mini. I'm sorry that it's not what you wanted or thought it should be but this is not a minimal upgrade and the price is quite reasonable for a quality tablet, that is arguably the best on the market and will be updated and viable for years.
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