Tags: apple | ipad | tablet | launch

Apple Hopes New iPad Will Help Slumping Tablet Sales

Sunday, 20 Oct 2013 02:26 PM

By Amy Woods

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Apple hopes that Tuesday will mark a turnaround for the slumping sales of its iPad with the launch of the latest version of the iconic tablet.

The unveiling of a new iPad will take place at an event in San Francisco and marks the first tweaking of the popular product in a year, a report on CNNMoney said. The model will be thinner, faster and offer a fingerprint sensor – far from a major overhaul.

"What are they supposed to do, add wings and make it fly?" quipped Colin Gillis, of BCG Financial. "It's a tablet. There's only so much you can upgrade."

The numbers speak for themselves: Sales of the iPad dropped to $6.3 billion during Apple's third quarter, which ended in June – a 27-percent decrease compared with the same period in 2012, CNNMoney reported. In the two previous quarters, sales of the device increased 40 percent and 22 percent, respectively.

In addition, Apple now possesses one-third of the tablet market when, last year, it had 60 percent of it. Competitors Acer, Lenovo and Samsung tripled their share of the table market last quarter.

That’s cause for concern, Gills said.

"The iPad is the company's second-largest revenue stream, so you definitely can't discount it," he said.

Also on Tuesday, Apple will reveal an upgraded iPad mini that features significant improvements to its screen resolution. The smaller-size tablet is catching on with consumers and becoming a promising market, said analyst Rhoda Alexander, noting that it is expected to grow to 55 percent this year and to 57 percent by 2017.

"The seven-inch is absolutely dominant right now, and we expect it to stay that way for some time," Alexander said.

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Methane on Mars Spikes Frequently, but Source Unknown

Tuesday, 16 Dec 2014 13:54 PM

Methane, a gas that on Earth comes mainly from living organisms, spikes regularly on Mars but scientists have not been a . . .

Humanoid Robot Flies Across Atlantic, in Economy Style

Tuesday, 16 Dec 2014 08:09 AM

A humanoid-looking robot named Athena that scientists hope will one day be useful in aiding at disaster sites, like the  . . .

NASA Builds $349M Tower, Then Promptly Mothballs It

Tuesday, 16 Dec 2014 07:28 AM

A massive $349 million NASA tower completed in June has been "mothballed" in Gulfport, Mississippi, without ever being u . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved