Apple iPad entire lineup to be upgraded in 2024, company plans new 12.9-inch iPad Air: Report
Kuo forecasted total iPad shipments of 52-54 million units, a minor increase over the estimated 50 million units shipped this year but still far short of the 63 million pandemic peak of 2022.
Apple will upgrade the entire lineup of iPad in 2024 and add a new larger 12.9-inch iPad Air along with the 10.9-inch model, a leading analyst has said.
Ming-Chi Kuo of TF International Securities, in his latest outlook, predicted that Apple will make up for this year's lack of movement in its iPad lineup by updating all existing models, beginning with a refreshed 10.9-inch and new 12.9-inch iPad Air with new chips, which are set to go into mass production in the first quarter of 2024.
He mentioned that the 12.9-inch iPad Air will have an LCD screen that lacks the mini-LED technology of Apple's current iPad Pro models, but will benefit from the same oxide backplane.
"The 12.9-inch iPad Air is an all-new model, and while it lacks mini-LED, it benefits from an Oxide backplane (the same spec as the existing mini-LED iPad Pro's), offering better display performance than the 10.9-inch iPad Air with a-Si backplane," Kuo wrote in a Medium post on Sunday.
According to the analyst, key upgrades will include the M3 processor and OLED displays in the iPad lineup.
Kuo forecasted total iPad shipments of 52-54 million units, a minor increase over the estimated 50 million units shipped this year but still far short of the 63 million pandemic peak of 2022.
He also predicted that the two new OLED iPad Pros, replacing mini-LED, will go into mass production in late 2024 and feature an M3 processor and improved form factor designs.
"Shipments of the two OLED iPad Pro models will be 6-8 million units in 2024, with slightly weaker shipment momentum than the existing iPad Pros, possibly due to the higher price of OLED iPads and potential cannibalisation from the 12.9-inch iPad Air," the analyst said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
05:02 PM IST