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This means you can potentially get a 64GB version of the device for $649 instead of $699 and the 3G version with the same capacity will cost $779 and so on.
While $50 off may not be much, it may draw a few to invest in one... For those of you looking for an even cheaper pricing you may want to take a look at the original Apple iPad which is being sold at a starting price of $299
source - Apple Store