Apple Makes $2 Billion a Year in iPad Smart Covers

Red® iPad Smart Cover“The majority of iPad users own one of these flexible accessories, which brings Apple in a $500m fortune each quarter,” he added.

So here you have Apple making $2 billion a year on Smart Covers. Meanwhile, there’s the competition — the likes of LG, Sony and Motorola — who can’t make $2 billion a year on their competing tablets. CultOfMac »

Hysterical. What a contrast. It blows iPad competitors to oblivion, IMHO.