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Revenuedecline

All articles tagged with #revenuedecline

technology2 years ago

Apple's Revenue Decline Tied to Breaking 12-Year iPad Refresh Tradition in 2023

Apple's decision to not release a new iPad model in 2023, breaking a 12-year tradition of annual updates, has led to a decline in the company's revenue. The lack of new iPad introductions, possibly due to reduced consumer purchasing power and the longevity of existing models, contrasts with the launch of a new MacBook Pro and other accessories. Despite this, there is anticipation for a significant update to the iPad lineup in 2024, including the introduction of Apple's first MR headset, the Vision Pro, and potential upgrades to all five iPad models.

via Dexerto|
##apple#ipad
technology2 years ago

"Apple's Break with Tradition: No 2023 iPad Upgrade Impacts Revenue and Ends a 12-Year Streak"

Apple's lack of new iPad upgrades in 2023 resulted in a 10 percent decline in iPad revenue for Q4 and a 3.4 percent decrease in annual revenue compared to 2022. Despite this, 2024 is anticipated to be eventful, with the expected launch of new iPad Pro models featuring OLED displays and an M3 chip, as well as updated iPad Air and iPad mini models with advanced chips. These upcoming releases aim to reinvigorate sales and innovation within Apple's iPad product line.

via Wccftech|
##apple#ipad
business-and-finance2 years ago

"Apple's 2023 Stock Struggles Amidst Historic Revenue Decline and Valuation Challenges"

Apple experienced its longest revenue decline in 22 years, with four consecutive quarters of falling sales, despite achieving a total revenue of $383 billion and a profit of $97 billion in fiscal 2023. The company's stock underperformed compared to other tech giants like NVIDIA and Meta, and it faced challenges in hardware sales, with significant drops in iPad and Mac revenues. However, strong iPhone sales and a robust Services division, which could be worth up to $1.6 trillion in 2024, offer a counterbalance. Apple also plans to push its high-end mixed-reality headset, the Vision Pro, in the face of stiff competition and a slowing global economy.

via Wccftech|
##apple#business-and-finance