Apple suppliers said to ramp launch for new iPads; set to be unveiled in May: report [Seeking Alpha]
Apple Inc. (AAPL)
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Source: Seeking Alpha
Shares fell 1% in mid-afternoon trading on Thursday. Updated versions of the iPad Pro and iPad Air are slated to be part of the refresh, the news outlet reported , citing people with knowledge of the matter. As part of the update, the Pro model will get a new OLED display. The iPad Air will get a 12.9-inch screen, up from the 10.9-inch screen the current model has. Apple did not immediately respond to a request for comment from Seeking Alpha. The Cupertino, Calif.-based tech giant has looked for ways to boost its sales, which have remained stagnant for the past five quarters. In its most recent quarter, the iPad generated $7.02B in revenue, down from $9.4B in the year-ago period. Total revenue for the quarter came in at $119.58B, up 2% from the $117.1B it generated in the year-ago period. Recommended For You More Trending News Recommended For You More Trending News About AAPL Stock Related Stocks Trending Analysis Trending News
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