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Refurbished iPad 2s get a price drop

On Friday Apple (s aapl) quietly increased the discounts on refurbished iPad 2s, offering some considerable savings just in time for the holidays. The 16 GB Wi-Fi iPad 2 now starts at $419, which is $80 cheaper than buying it new.

When the iPad 2 first debuted in Apple’s refurb store, discounts were relatively small: $50 off each model, representing discounts of between 5 and 9 percent, depending on which model you looked at. Now 16 GB models are discounted $80, and 32 GB and 64 GB versions carry an even steeper $100 price drop, representing between 12 and 16 percent off the value of a new, nonrefurbished device.

The new pricing applies to both Wi-Fi and Wi-Fi + 3G models, and Apple currently lists pretty much every model as being in stock, with the exception of the 64 GB AT&T model. All Apple-refurbished iPads come with a full one-year warranty, a new battery and outer shell, and free shipping. There’s really no downside if you’re looking for a gift when comparing these to new iPads, except that you can’t get engraving on refurbished gear.

Apple doesn’t say anything about these price changes’ being limited-time offers, but, as is always the case with refurbished products, supply is limited. You have to wonder if this isn’t a precursor to the arrival of an iPad 3 early next year.

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