Apple and Microsoft are cutting prices on the popular Apple iPad mini and iPad mini 2, the companies announced today.
The companies are selling the devices at a discount of 50 percent on their standard price, with the Apple iPad Mini at $499 and the iPad mini at $429.
Apple is also selling the tablet at $50 off the full price.
Microsoft, which is the No. 2 player in the U.S. tablet market with $621.9 billion in sales last quarter, is also cutting its price of its Surface tablet, which has a 12.9-inch display.
The deal between the two companies marks the first major pricing cut for Apple and its competitors since Microsoft released the Surface Book in 2013.
The new discounts on the two devices will begin on Sept. 25, Microsoft said.
Microsoft’s pricing cut also comes amid a slowdown in tablet sales for the companies.
Microsoft has seen a decline in tablet shipments for the last few quarters, with shipments falling by 1.5 percent in the third quarter, according to comScore.