Knock-offs of Apple's iPad are starting to hit the Chinese market, including a model called -- no fooling -- the iPed.

According to a report on the Japan News Network (JNN), the cheaper alternative device is manufactured by a company called Orphan Electronics. The gadget was released over the weekend, and reportedly runs version 1.5 of Google's Android operating system rather than the Apple iPhone OS.

Apple's entry-level iPad model starts at $499 and can cost as much as $829; the iPed is priced at a more competitive level, reportedly selling for $150. And at that price, it houses a 16GB storage drive and includes 1GB of RAM. The entry-level iPad has a 16GB runs on just 256MB of RAM.
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