“Apple makes $500m (£319m) each quarter from its iPad covers,” Carly Page reports for The Inquirer.
“That’s according to Richard Kramer, managing director of Arete Research,” Page reports. “Speaking at the Open Mobile Summit in London, Kramer said, ‘Apple is one of the first manufacturers to move its focus away from mobile hardware, as seen with the iPad Smart Cover.'”
Page reports, “‘The majority of iPad users own one of these flexible accessories, which brings Apple in a $500m fortune each quarter,’ he added.”
Read more in the full article here.
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