iPad costs $270.50 @piece?

The 16GB Wi-Fi-only version of the iPad costs $270.50, which means that there is about $228.50 worth of profit to be made. The main cost of the iPad is its 9.7-inch LCD display, which apparently costs $100. Even the A4 chip that powers the device is listed at just $15. With an additional $20 warranty set-aside factored in, it means that Apple’s profit margin is 42.9%, which certainly sounds very nice. via iPadBuzz