I love the adjustment options. You can use this for laptop or iPad. Yes, it is almost vertically adjustable. It comes with an adjustment tool but I haven't used it. The screws were tightened just right to set the laptop up without the stand falling or sagging. It's good and tightly regulated (which is good) and overall worth the price. It's very light aluminum. Some might say it's bad, but it's light enough to put in a backpack and strong enough not to wobble. Would recommend to anyone looking for this type of stand.
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