In recent years, Apple's iPad upgrades have been fairly modest, but an anticipated 2024 overhaul of the iPad Pro promises a departure from this trend. It stands poised to be the most significant update to the line since 2018, aiming to rekindle consumer interest in the tablet market and change the game once again for the world's most iconic tablet brand.
A NEW ERA FOR IPAD
Apple's iPad lineup, once viewed as the natural successor to the Mac, is currently generating the least revenue among Apple's primary segments. With unit shipments decreasing by 17% in the second quarter and iPad revenue falling 20% YoY during its fiscal third quarter, the tablet market is in a slump, and Apple has not been immune to these woes. But there's more to this downturn than market-wide malaise; Apple's own strategies have arguably stifled iPad growth. The iPad's current quandary isn't solely down to lackluster demand. There's a confusing array of models and specifications on offer, making comparisons a convoluted affair for potential buyers. Additionally, recent improvements to the Mac lineup have, ironically, cannibalized iPad sales. Moreover, Apple's approach to iPad software has remained perplexing, with multitasking features like Stage Manager not user-friendly. In short, critics agree that Apple has a lot of work to do if it wants the iPad back in top form.
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SOUTH KOREA FINES META $15 MILLION FOR ILLEGALLY COLLECTING INFORMATION ON FACEBOOK USERS
South Korea’s privacy watchdog this week fined social media company Meta 21.6 billion won ($15 million) for illegally collecting sensitive personal information from Facebook users, including data about their political views and sexual orientation, and sharing it with thousands of advertisers.
CHINESE ONLINE RETAILER TEMU FACES EUROPEAN UNION INVESTIGATION INTO ROGUE TRADERS AND ILLEGAL GOODS
Chinese online retailer Temu is facing a European Union investigation over suspicions it’s failing to prevent the sale of illegal products, the 27-nation bloc’s executive arm said.
CORNING FACES EU ANTITRUST SCRUTINY OVER GORILLA GLASS DEALS WITH PHONE MAKERS
Corning is facing European Union antitrust scrutiny after the bloc’s watchdog said this week it’s investigating the speciality glass maker’s exclusive deals for its Gorilla Glass used in cellphones.
NEW CEO AT CVS BEGINS TO BUILD HIS TEAM WITH A GOAL OF REVIVING THE STRUGGLING HEALTH CARE GIANT
CVS Health fell short on third-quarter profit, but it posted strong sales and the health care giant shook up leadership under new CEO David Joyner after a rough year that has sent shares plunging.
NINTENDO REPORTS LOWER PROFITS AS DEMAND DROPS FOR ITS AGING SWITCH CONSOLE
Nintendo, the Japanese video game maker behind the Super Mario franchise, said Tuesday that its profit fell 60% in the first half of the fiscal year, as demand waned for its Switch console, now in its eighth year since going on sale.
AS THE DATA CENTER INDUSTRY BOOMS, AN ENGLISH VILLAGE BECOMES A BATTLEGROUND
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THE BEST SMALL SUVS FOR CITY DRIVING
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GOOGLE MAPS ADDS AI FEATURES TO HELP USERS EXPLORE AND NAVIGATE THE WORLD AROUND THEM
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TESLA SHARES SOAR 14% AS TRUMP WIN SETS STAGE FOR ELON MUSK'S ELECTRIC VEHICLE COMPANY
Shares of Tesla soared following an election that will send Donald Trump back to the White House, an outcome that has been strongly backed by CEO Elon Musk in the closing months of the race.
APPLE BREAKS OUT OF RECENT SALES SLUMP AS IT GEARS UP TO MAKE ITS LEAP INTO THE AI CRAZE
Apple snapped out of a recent iPhone sales slump during its summer quarter, an early sign that its recent efforts to revive demand for its marquee product with an infusion of artificial intelligence are paying off.
