What is The iPad Mini Really Worth?

The newest edition to the iPad family went on sale in shops on Friday; it attracted a lot of interest from people around the world. Many people took them home just to find how 'indestructible' they were, others to make unboxing and review videos. On the other hand, there were analysts from IHS, a research firm, who just couldn't wait to take the device apart and see what's inside.

As you may know, the prices for the iPad Mini range from £269 for the 16GB wi-fi only model to £529 for the 64GB wi-fi and cellular model. Apple obviously have to make a profit from every product they make, the IHS has been looking into how much the components cost and what it all adds up to. From what they have seen and analysed, the wi-fi only 16GB iPad Mini costs around £117 to manufacture. The more memory you choose to have, the more profit Apple will get, at least that's what they think. Some people say that the price Apple sell it for is outrageously high, it's not. If you think about the cost of paying each engineer, designer and project manager; the cost of assembling the device and the price of shipping. It all adds up, Apple might be making a minor profit on each device they sell.

Furthermore, there is no retina display to go with the Mini, Apple say that it would raise the price. Many people say that the screen looks stunning even without it. The IHS have found that the display and A5 processor is manufactured by Samsung, and if you all remember; the battle between these firms has been ongoing for quite a while. Many other parts are made in different countries, such as Japan. The iPad Mini is a great device and it will hopefully help Apple get back on its feet after a hard year or so.