It certainly does nightstand mode while it does not hold the iPad, there is room to sit the iPhone on the leather pad.
Worst design I ever seen!
That is not "nightstand" for looking at AW when lay down, it is more of "daystand" for looking at AW when standing up. Unless your bed is significantly higher than your night table, and you look DOWN to your night table.
And there is no stand for iPhone, please don't tell me that tiny platform is a stand for iPhone 200% larger than that tiny platform. If you have to lay your iPhone flat with no specific design charger port, there are 500%+ more space around that tiny platform on night table, why does anyone must put iPhone on the that tiny platform half of iPhone size, and risk of knocking iPhone around.
Plus there is no way that tiny platform will fit iPad, as part of Op requested.
Added; Yugo has 4 wheels, could get from point A to point B, does not mean it is a good car to buy.