The iPad Air might be the lightest iPad yet, and a true glimpse of the future of tablets, but Apple’s still managing to make a healthy profit on each tablet sold. In fact, iHS iSuppli pegs the build price of each iPad Air is just $274 for a 16GB WiFi-only model. Apple sure does know how to make a margin, doesn’t it?

The iPad mini is Apple’s answer to smaller Android tablets from the likes of Amazon and Google. But there’s a good reason why it doesn’t come with the same $200 price tag. A teardown has revealed that the new iOS device costs at least $188 to build, and that price rises when you add bigger storage options and 4G connectivity.