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Stock impact report

Rumor: Apple Inc. to Kill the iPad Mini [The Motley Fool]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Company Research Source: The Motley Fool
This product line, once thought to be the key to continued iPad success, may be proving to be more trouble than it's worth. Ashraf Eassa ( TMFChipFool ) May 16, 2017 at 6:30PM A report from BGR claims that Apple ( NASDAQ:AAPL ) intends to "phase out" the iPad Mini, citing a "source." That source apparently told BGR that the iPad Mini has been "sized out of its own category" and indicated that iPad Mini sales data supports the company's plan to kill this product category. Image source: Apple. Here's why this report makes a ton of sense. iPad Mini is cratering Recall that Apple told investors that overall iPad unit shipments dropped 13% year over year last quarter, with revenue contracting 12% over that period (implying a slight boost to average selling prices). On the conference call accompanying the earnings release, CFO Luca Maes Show less Read more
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