If Apple is sincere in its
stated belief that iPad is the future of personal computing (i.e., “PCs aretrucks”), Apple’s relatively low pricing strategy makes great sense. Setting up an established base of users can
create a virtuous circle of application development to defend against an
assault by an alternative future. And
setting such a base up quickly makes sense if establishing that defensive wall
is the goal.
I say "relatively" low pricing strategy as I know iPad prices are not low. But they are lower than one might expect of Apple. This is a company that still wants to make sure it makes money when it sells something and so maintains healthy unit profit margins.
To balance these competing goals (margin and scale), Apple must keep its prices realistic and this has resulted in a pace of advancement that is likely slower than what Apple is actually capable of (iPads could probably run macOS if they had to). But that is fine if advancement isn’t necessary to grow the market or, put alternatively, if the market can be grown more quickly through price than with specifications.