One of them is sold on ebay for $3.85 AU ($3.99 US), including postage to Australia. The other is sold at Apple Stores for $29.
The Apple adapter also has many more small components – two inductors (the cheap adapter has none), over twenty five capacitors (the cheap adapter has only nineteen), more resistors. For the cheap adapter design, every fraction of a cent saved is important!
One thing that surprised me is that the cheap adapter has a functioning blue activity LED, that glows through the enclosure. The Apple adapter actually has a space on the PCB for this, but no LED in place (Apple’s designers presumably nixed it for aesthetic reasons.) I’m surprised the manufacturer paid the few cents to add this feature.
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