Apple reportedly placed multiple rush orders for iPad screens with LG Display. The tablet saw increased demand in Asia this quarter, with COVID-19 forcing so many people to attend classes and work from home.
Revenue from iPad sales dropped 10% during the first quarter of 2020. And shipments dropped 3%, according to a market-research firm. But analysts say that people working and studying from home during the pandemic could bring a burst of purchases this quarter.
Apple has a real hit on its hands with the 10.2-inch iPad it launched last fall. It helped push Apple to a 22.7% year-over-year increase in tablet shipments last quarter, according to a market-research firm.
iPadOS devices continue to vastly outsell all their rivals, and Apple increased its lead in the final three months of 2019.
A quick glance at the Apple Q4 2019 earnings report shows the company just finished a record three months, but a deeper dive into the numbers reveals how Apple managed to pull in more revenue than it ever has in a July-through-September period, including strong increases from wearables, iPad and Services.
Taking a close look at Apple’s financial results during the first three months of this year in hard numbers shows how the company is changing. Services are getting more important to its bottom line, and so are iPads. While iPhone is still a big part of Apple’s business, it’s not as significant as it used to be.
Check out these charts that demonstrate with a glance how the changes play out.