Manufacturers in Shenzhen have long been copying iPhones and iPods. So it is not surprising at all that they cloned iPad, i.e. 3rd Apple, too. But I never thought it would come so soon. The release date of these counterfeit iPads is the same as the real iPads, but the price is half, selling at 2000 yuan. The manufacturer is Shenzhen Huayi located in Shenzhen, Guangdong.
President Xiong Yiwei of Shenzhen Huayi said,
After developing modules, we basically made the designs to look like a jumbo iPhone. The profit margin of counterfeit cell phones reached up to 30 percent in the past, but only 10 yuan (US$1.50) profit margin is made per one product. We had a great expectation of netbooks last year, but only 100 yuan (US$15) profit margin was made. The success of iPhonish product is a matter of life or death for us. (From Touchreview).
If you are on a budget, you may try that. But never expect to get the same experience as real iPads.