Taiwanese publication Digitimes is reporting again today that Apple is planning two iPad models, with the low-end version starting at only $299. Both iPads will reportedly boast the new A6 processor and will be differentiated by their screen resolutions.

Sources from Apple’s supply chain have claimed that there will be two versions of the new iPad, one targeting the high-end segment and the other the mid-range. Digitimes Research believe the two new iPad models will both be equipped the A6 processor with high-end model coming with a high resolution panel (2048×1536) and the mid-tier model featuring the same grade of panel as iPad 2 (1024×768).

In my opinion, it makes more sense for Apple to drop the price of the current iPad 2 to $299 and introduce the next-generation model at $499. The idea of Apple releasing two new iPads at once seems a little ridiculous.