Apple
Apple Expects M3 Macs to Regain Momentum in The Market as Mac Revenue Down 34 Percent Compared to Last Year
The results of Apple's earnings call highlight declining iPad revenue despite scoring higher than expected returns overall for all products. It was recently reported that Apple's iPad revenue is down by 10 percent for the fourth fiscal quarter of 2023. Additionally, the company expects the trend to continue to the next quarter as Apple failed to announce upgraded iPad models. Other than iPad revenue, Mac revenue also went down by 34 percent, but the next quarter could prove to be beneficial for Apple, all thanks to the new M3 series of chips.