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Apple’s iPad revenue plummeted: the fiscal year 2022 fourth quarter and full-year financial results

It is undeniable that the global economy is not very good, everyone for purchases digital products on the positive degree of the naked eye visible atrophy, so some not particularly important can not buy it.

Apple today released the company’s fiscal year 2022 fourth quarter and full-year financial results. The report showed that revenue from the iPad in the fourth fiscal quarter was $7.174 billion, compared with $8.252 billion a year earlier, a 13.06 percent year-over-year decline that failed to meet analysts’ expectations.

According to data provided by Refinitiv, analysts previously expected Apple’s fourth-quarter revenue from the iPad to reach $7.94 billion on average.

Compared to the iPhone and Mac, the decline in iPad sales is very obvious, although Apple believes that this is a normal situation, but from the survey of many investment banks, such a marginal product as the flat panel, everyone’s demand has really weakened, so the industry leader iPad is not immune.

Some users said that the quality of the iPad itself is very good, superimposed on the frequency of use is not as high as the iPhone, so buying one can use for many years, replacing the power up really weak quite a lot.

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Stephen Cruise
Stephen Cruisehttps://www.techgoing.com
Stephen Cruise is a senior editor covering latest smartphones, EVs, PC gaming, console, and tech with 11 years of experience.