First-generation iPad now $100 cheaper

With iPad 2 hitting the US market on March 11, Apple is cleaning its remaining inventory of the tablet's first generation.

On Apple's website, the entry-level 16 GB iPad is on sale for $399, which is $100 less than before. Factory refurbished models, which come with a one-year warranty and new batteries and outer cases, start at $349.

And people who already bought a first-generation iPad from Apple in the past two weeks can request a $100 refund.

According to Apple Retail Store Purchase Policies, if Apple permanently reduce its price on any Apple-branded product within fourteen calendar days of the date of purchase, customers may request a refund of the difference between the price paid and the current selling price.

If you ask for a refund from Apple, you need to provide the original purchase receipt, and you must request your refund within fourteen calendar days of the price reduction.