@Peter,<div><br></div><div>At 50K, I am not sure we are talking iPad 3 64GB WiFi + 4G. Even Apple does not sell them for that.</div><div><br></div><div>It is probably the entry level iPad 3 16GB WiFi.</div><div><br></div><div>

Talking of warranties, it is very rare to have Apple products just fail. Most damage is almost always physical, like screen cracking. Meaning you will not get repaired under warrant.</div><div><br></div><div>Rule of thumb is buy it from the most cheapest genuine source. These iDevices can never be imitated.</div>