Low-cost iPad boosts tablet shipments
Submitted by Jennifer Nguyen on
It's no secret that overall tablet sales have been on a steady decline, and even the mighty iPad hasn't been immune to the slump. The iPad over the past few years has been designated to a mere footnote in Apple's quarterly reports, until this week when the iPhone-maker reported a 15% year-on-year increase in tablet sales.
Apple on Tuesday reported accelerating growth in its latest quarter results, including a 7 percent year-over-year increase in revenue at $45.4b. This resulted in $8.72 profit for the quarter from 41m iPhones, 11.4m iPads, and 4.29m Macs sold. Apple only moved 9.9 million iPads in the same quarter last year.