Good News: Apple to Give $100 Cash Back for IPad Ms. Bels Friday, March 4, 2011 Credits & Debits, The Receipt Here’s some good news for you techies… Apple has lowered the price of the original-model iPad from $499 to $399. This strategic price reduction is to help lure more buyers in when Apple’s new iPad becomes available on March 11. The catch is though…you can only receive the $100 refund if you’ve just purchased an iPad within the last two weeks.