Not necessarily. They’re saving quite a bit from using their own SoCs which they’re also shipping in iPhones and iPads, both from massive economy of scale as we

Not necessarily. They’re saving quite a bit from using their own SoCs which they’re also shipping in iPhones and iPads, both from massive economy of scale as well as from not having to make money on each SoC sold (unlike e.g. Intel or Qualcomm). There’s also other tricks they could pull like sharing screen panels and other components with iPads. Heck they might just use an iPad mainboard flashed with different firmware.