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"Apple has admitted that the profit margin for its iPad Mini is considerably lower than that of its other products. The firm&amp;#039;s chief financial officer Peter Oppenheimer revealed that the 7.9-ich tablet generates &amp;quot;significantly below&amp;quot; average profit compared to its larger counterparts.   The news comes as a surprise considering Apple generates the majority of its revenue through hardware sales, while doing little more than breaking even with iTunes. Oppenheimer made the announcement during Apple&amp;#039;s fourth quarter earnings call, where it was confirmed that the company&amp;#039;s fiscal results had fallen below expectations. The company posted quarterly revenue of $36.0 billion (\u00A322.3 billion) and a quarterly net profit of $8.2 billion (\u00A35 billion) or $8.67 (\u00A35.37) per share. The numbers miss Wall Street expectations, which predicted $8.75 (\u00A35.43) on sales of $35.8 billion (\u00A322.2 billion). Apple sold 26.9 million iPhones, representing 58% unit growth, as well as 14 million iPads during the quarter, resulting in a 26% increase over the same time period last year. Pre-orders for the iPad Mini commenced today (October 26) following its unveiling at a press conference earlier in the week. Introducing the iPad mini:  "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.digitalspy.com/tech/apple/news/a433653/apple-ipad-mini-profit-margin-significantly-below-average/>