I will agree with Ray about he limitations of an iPad despite the clear advantage of touch, portability and convenience. Although it can be done, the iPad is not designed as a "content creation device" and even when you invest in apps (which you will need to) it may not have the power and flexibility of a full OS and a set of local applications. I would agree with Logan that the iPad can offer "more" in some ways, but I think that is as much about the learning environment and instructional design as the device itself.
because the iPad is twice the price?
at the level of scale you mentioned, price is obviously a factor even if it is not a consideration.
as someone else mentioned it really depends on what you and your users expect out of the device.
if the plan is to "create" content, then an iPad has limitations.
if the plan is to "consume" content, then the Chromebook must have limiations (fewer apps?)
I am not saying that user desire isnt an important consideration, but my guess is that we can agree it isn't the only consideration.
Why buy a computer limited to something that an iPad can do plus worlds more?
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