Don’t forget that as of the 2020 iPad release, one can extend AppleCare+ beyond the previous 2 year limit. It becomes a monthly charge, and you get another 2 incidents for the second set of 2 years.Yep. At the high OOW repair cost, one can be quite torn between warranty replacement with 90-day warranty or just upgrade to a new device with full warranty. Worse yet is if the device breaks shortly before keynote but longer than the return period.
Another consideration for me, that $699 is subject to sales tax in my area so it's more like $770.