Apple’s quarterly iPad income will considerably decline within the fourth quarter of 2023 on a year-over-year foundation, in response to estimated figures shared at present by Erik Woodring, an analyst at funding agency Morgan Stanley.
Morgan Stanley estimates that Apple will report iPad income of $7.2 billion within the fourth quarter of 2023, which might be a decline of roughly 23% in comparison with the $9.4 billion that Apple reported for the section within the year-ago quarter.
The year-ago quarter will likely be a troublesome comparability for iPad income, in response to Morgan Stanley, as Apple introduced up to date iPad Professional fashions and the Tenth-generation iPad final October. Over the weekend, two experiences indicated that Apple plans to announce up to date iPad Air, iPad mini, and entry-level iPad fashions this week, though some credible sources like Bloomberg‘s Mark Gurman have solid doubt on this rumor.
It is unclear if Morgan Stanley expects new iPads to launch this month, however given the agency expects iPad income to considerably decline this quarter, the agency is not less than not anticipating any iPad updates which might be main sufficient for income progress. Solely minor modifications are anticipated for the subsequent iPad Air, iPad mini, and entry-level iPad at any time when the units are launched, together with an M2 chip for the iPad Air and an A16 Bionic chip for the iPad mini.
There are additionally rumors of a third-generation Apple Pencil with interchangeable magnetic suggestions for drawing, technical drawing, and digital portray.
Apple has but to launch any new iPads this yr. If that development continues for the rest of 2023, it might be the primary calendar yr with no new iPads launched within the gadget’s 13-year historical past. The 2 experiences anticipating new iPad fashions this week mentioned Apple’s announcement would doubtless be on Tuesday, so we’ll see what occurs tomorrow.
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