(MENAFN- Baystreet) Boeing's Stock Rises As Earnings Better Than Feared
Navigating the Surge in Aquaculture: Opportunities & Challenges
Today's Focus Stocks: Meta, IBM, Ford, Chipotle and More
Stocks To Avoid Wednesday: LKQ, Nucor, MSCI, and More
Today's Stock News: Enphase, Visa, Chubb, and Seagate Previous Articles Subscribe to Get Small Cap News & Alerts Baystreet Staff - Wednesday, April 24, 2024
Apple Expected To Unveil New iPad At May 7 Event
Consumer electronics giant Apple (AAPL) is widely expected to unveil an overhauled version of its iPad tablet at an upcoming event scheduled for May 7.
Analysts have been expecting new versions of the iPad Pro and iPad Air for years. Apple's signature tablet, which was launched in 2010, has not been significantly updated since 2018.
A revamped iPad comes as sales of the device decline. Industry data estimates that iPad sales fell 25% to $7.02 billion U.S. in this year's first quarter.
iPad sales contributed about 6% to Apple's total sales of $119.58 billion U.S. in the final quarter of 2023.
Sales have suffered amid economic uncertainty, rising competition, and as consumers cutback on discretionary spending.
Apple currently sells five models of iPad, including the Pro, Air, and Mini versions.
Apple is scheduled to deliver its first-quarter earnings on May 2. The company has also scheduled its annual developers conference from June 10 to 14 this year.
The stock of Apple has declined 10% so far in 2024 to trade at $166.82 U.S. per share.
About Us Contact Us Advertise License Our Content Jobs Disclaimer Privacy Policy
Copyright 1998 - 2024 Baystreet Media Corp. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes. Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Market Data is provided by QuoteMedia. Earnings by Zacks. Analyst Ratings by Zacks
MENAFN24042024000212011056ID1108133576
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.