iPad knock-off's Already in Production?!

Woah! That was quick, apparently Shenzhen Huayi (a Chinese company notoriously known for Apple Knock-offs) has already began production of an iPad knock off. The price President Xiong Yiwei of Shenzhen Huayi said in an interview that they are looking to launch the "iPad" April 3rd, for 2000 yuan (US$290) on the same day as the real iPad.

President Xiong Yiwei of Shenzhen Huayi said:

"After developing modules, we basically made the designs to look like a jumbo iPhone. The profit margin of counterfeit cell phones reached up to 30 percent in the past, but only 10 yuan (US$1.50) profit margin is made per one product. We had a great expectation of netbooks last year, but only 100 yuan (US$15) profit margin was made. The success of iPhonish product is a matter of life or death for us."

Interestingly enough, the OS looks nothing like the actual iPad Os, so it's hard to tell if it will actually "catch on" with the public, and sell.