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With gross profit margin above 50 percent for each of the iPad models, Apple gains critical pricing flexibility and should be able to cut retail costs if demand is less than expected.
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I expect that it will be less than expected.
IMHO, the $330 between the 16GB and 64GB+3G version is almost as ridiculous as the fact that the former costs $500 to start with. To anyone married to Apple products: Your wallet has my condolences.