iPad components costing Apple less than $300?

The latest founding by iSuppli Corp believe that the newly announced iPad is believed to cost Apple a measly $229 dollars (for the 16GB model). This is considering the multi-touch 9.7-inch display will cost Apple around $80, while its custom A4 processor, built by Samsung, would cost about $17 per unit (Only $2 more dollars than the chip that lies in your iPhone 3GS right now). In addition, the 16GB of memory inside the iPad is estimated to cost about $29.50. If we add $10 dollars for manufacturing costs then that only brings us to roughly $229 dollars. This model is being sold for a whopping $499. Surprisingly, it is also predicted to be the least profitable model. According to Apple experts, they are expecting to profit the most from their middle model, the 32GB iPad (which includes an optional 3G radio). This mught be because it will cost them approximately $287 dollars to manufacture, and it is being sold for $729 big ones. There are rumors that Apple might lower their prices but nothing is certain as of now.

EDIT: Due to recent comments I have decided to attach a complete chart with all full list of the component costs.