Out of necessity, I designed and built this Lego Ipad stand using a total of only 18 Lego Technic parts. It is designed to collapse and be portable so it may be folded up to fit in my carrying case or even my pocket. This means it is small and light weight but is still functional to hold an Ipad 2 in either profile or landscape position. At my house, it is used everyday.
Below I have produced a video of the stand doing its job:
www.youtube.com/embed/mlvRpQcdFXs
The key elements to the design are the Technic liftarms with fan (part 32177) and the Technic liftarm bent 1x9 (part 32271). These parts are also available in many different colors for a person to express their own tastes or compliment their own style.
The design can be small and still functional (without adding weight to the base) by the simple mechanism of shifting the center of gravity (maybe not the right term) on the rearward legs in front of the connection (pivot point) where it attaches to the rest of the frame. The rear legs also sit slightly lower on plane than the front legs, making it lean slightly forward that aids in making it more stable and less prone for tipping.