I’m not surprised that the iPad has a decline. My son has a few year old 9.7” iPad and it works great still. Consume media very easily and even have games. I can notice the difference between it and my 2018 iPad Pro but I could see people are just not going buy new ones every year or two. I’d like the M1 iPad Pro but it’s not worth the jump in price.
Mac was the fastest growing hardware product too<p>(ref: <a href="https://www.cnbc.com/2022/04/28/apple-aapl-earnings-q2-2022.html" rel="nofollow">https://www.cnbc.com/2022/04/28/apple-aapl-earnings-q2-2022....</a>)
Btw, the repurchase program just got way bigger:<p>> The board of directors has also authorized an increase of $90 billion to the existing share repurchase program.
Net sales: $97 billion<p>Operating income: $30 billion<p>Net income: $25 billion<p>Net sales by category in millions -<p>iPhone : $50,570<p>Mac: $10,435<p>iPad: $7,646<p>Wearables, Home and Accessories: $8,806<p>Services: $19,821
"Apple Reports Second Quarter Results
Revenue up 9 percent to new March quarter record<p>Services revenue reaches new all-time high"<p>For anyone like me who didn't want to actually have to go a read them :D<p>Revenue: B$97.3, up 9%
EPS: $1.52
Operating Cashflow: B$28
Returned B$27 to shareholder (buybacks, dividends I assume?)<p>Ah:<p>Divided: $0.23/share
Share pepurchase fund increase: B$90
I am simply amazed by how much money this company makes. Nice boost to Mac business with the new Macbook Pros selling like hotcakes and OOS constantly.
I've ordered a new macbook 14" in early March, my delivery date slipped twice already, now it says it's going to be delivered in July. I wonder how much more money would they make if not for supply issues.
The Watch, Mac and iPhone are doing great but the iPad lacks ambition and doesn't seem to have a direction. Who is in charge of the iPad division at Apple?