New iPad has higher production cost, same price as old

New iPad has higher production cost, same price as old
Tech Corner

POSTED: Sunday, March 18, 2012 - 5:30pm

UPDATED: Sunday, March 18, 2012 - 5:34pm

Higher production costs appear to take a bite out of Apple's profits from the new iPad.

Research firm IHS iSuppli took an iPad 3 apart to tally up the cost of production.

The cost is $364.35 for a model with 32 gigabytes of ram and a cellular modem, according to the folks at the firm.

They say that's nine-percent more than the manufacturing costs for an iPad 2, but both versions launched with the same price, $499.
 

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