Friday, April 23, 2010

iPad- Profits on the Inside

In case you are one of those waiting for the price to come down on the new iPad, it might interest you to know that Regardless of how the product turns out, one thing is for sure, the new iPad is built for profits. Apple’s true costs for the Wi-Fi 16 gigabyte flash memory version selling for $499 has been estimated at just $260. So if you are keeping score at home, on the first day, Apple made approximately $80,895,000 (300,000 units * $269.65[499-229.35])…not a bad first week!

(submitted by Judi and Walter)

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