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> Apple doesn't make that much money on the iPad

Hmmm... I might be wrong, but I thought they have HUGE margins. You know, like 40%? Keep in mind that the most popular iPad, 32GB 4G is $729. The $499 model is not the most popular one (at least according to the analysts).

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Do you have a source for that ?

For some reason I find that hard to believe: that the most expensive iPad is the most popular one as opposed to to the 16 GB WIFI only version.

I can't find the article now (stupid Google shows just ads and links to Amazon or Apple when I search for something like "iPad most popular model"), but here's one that claims 64GB 3G Model was the most popular iPad 2 model on launch: http://gigaom.com/apple/most-popular-ipad-2-model-is-also-th...

Arguably, early adopters are different than "late"-adopters, but still... The "analysis" that I remember was for iPad 3, and it was a few months after the launch.

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