Apple Sets Date for Special Event After 18-Month Pause: New iPads Expected On May 7
Portfolio Pulse from Rounak Jain
Apple Inc. (NASDAQ:AAPL) has scheduled a special event for May 7 to unveil new iPad models, including expected upgrades to the iPad Pro such as an OLED display, an updated M3 chipset, and a repositioned front-facing camera. The event, themed 'Let loose,' may also introduce a new Apple Pencil and a redesigned Magic Keyboard. This announcement comes as Apple aims to rejuvenate its iPad and Mac sales amidst a reported 19% drop in iPhone sales in China during the March 2024 quarter.
April 23, 2024 | 2:58 pm
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Apple Inc. is set to reveal new iPad models on May 7, with significant upgrades expected for the iPad Pro, alongside a new Apple Pencil and Magic Keyboard. This move is part of Apple's strategy to revitalize its iPad and Mac sales following a decline in iPhone sales in China.
The announcement of new iPad models and accessories is likely to generate positive buzz and investor interest in Apple, potentially leading to a short-term uptick in AAPL stock. The focus on innovation and expansion of the iPad lineup could help counteract recent sales declines and position Apple for growth, making this news highly relevant and important for investors.
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