Apple To Discontinue 12.9-inch iPad Pro, Replace It With 13-inch M3 iPad Pro, Says Report
Portfolio Pulse from Rounak Jain
Apple Inc. is planning to discontinue the 12.9-inch iPad Pro and replace it with the M3-powered 13-inch iPad Pro, according to a report by TrendForce. The new iPad Pro will feature a 13-inch OLED display and is expected to launch in 2024. The switch to OLED is expected to offer better brightness, contrast, color accuracy, and power efficiency. Apple is also expected to update its iPad Air, iPad mini, and entry-level iPad models in 2024.
November 08, 2023 | 12:48 pm
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NEUTRAL IMPACT
Apple's decision to replace the 12.9-inch iPad Pro with a 13-inch model could be seen as a positive move, potentially attracting new customers with the improved features and larger display. However, the impact on the stock price in the short term is likely to be neutral as the new product is not due to launch until 2024.
The news of Apple discontinuing the 12.9-inch iPad Pro and replacing it with a 13-inch model is directly relevant to the company. However, the impact on the stock price in the short term is likely to be neutral as the new product is not due to launch until 2024. The improved features and larger display could attract new customers, but it's too early to predict the success of the product and its potential impact on Apple's revenues.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100