Analyst: ‘iPad Mini’ May Cost $195 To Build; May Retail For $299 Or Higher

AppleInsider reports that according to KGI Securities analysts Ming-Chi Kuo, iPad mini’s bill of materials (BOM) cost will be in the range of $195 for the 16GB Wi-Fi model, to $254.50 for the top-of-the-line 64GB 4G LTE version.
It could be the reason why Apple’s smaller iPad will start at $299 or higher, instead of $249, which would have been a killer price.

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