32GB iPad with 3G costs just about $287 to build
A virtual breakdown by iSuppli suggests that Apple will most likely get maximum profit from their mid-range iPad variant, the one with 32GB of storage and 3G wireless capability. The said model was priced at $729 but has a combined manufacturing and materials cost of about $287.15.
Do the math!
Refer to the table below for the cost estimate for all six iPad models but take note that the estimate do not include expenses for software, royalties and licensing fees.