Apple expects iPad revenue to decrease next quarter as no new products were launched in 2023

Apple announced its fiscal Q4 2023 earnings results on Thursday, with revenue of $89.50 billion between July and September. Regarding the iPad, Apple reported revenue of $6.4 billion, down from $7.2 billion in the same period last year. Apple CEO Tim Cook estimated that iPad revenue will “decelerate significantly” in the next quarter as the company hasn’t introduced any new iPads this year.

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