What is it about Apple that attracts dumb analysts, like a moth to a stupid lamp? In his article Is Apple’s iPad Worth the Money? for CBS MoneyWatch, Andrew J. Nusca, using some creative (read: batshit-mental) maths, arrives at the conclusion that Apple’s $499 iPad ‘could’ in fact cost you $2441 (or $1600—see below). His reasoning seems to stem from the fact that:

  • You could opt to buy the more expensive 32GB version (an extra $100);
  • You could opt to add 3G functionality (an extra $130);
  • You could splash out $29.99 every month for data;
  • You could spend $68 per year (Andrew’s very specific) on TV shows and movies.

Usefully, Andrew’s strange article then helpfully points out some benefits of owning an iPad—savings on moving to digital for magazine and book purchases ($656 for people who buy the New York Times, Wall Street Journal, Time and Economist), and not having to buy a Kindle and a netbook ($609—and, no, I’m not making this up). Unfortunately, I got lost at the point where he started arguing with himself regarding whether it was a cost benefit or not to have a Kindle over an iPad.

Towards the end, he bumbles to the conclusion that an iPad’s ‘bottom line’ is $1600, and that “as an investment for your productivity, it’s clear that it’s one on which you may never see a concrete return”. I’m just hoping I never get repeatedly smacked around the head with the stupid lamp, otherwise Revert to Saved will turn into a blog about OUTRAGE regarding the fact a £50 DVD player ‘could’ cost you thousands, since:

  • You could opt to buy every DVD you see in the shops (an extra £lots);
  • You could decide you want a bigger TV to watch your DVDs on (an extra £even more);
  • You could decide that Blu-Ray floats your boat, causing you to start again with your entire collection (an extra £oh my word).