Apple iPad Revenue to Decline in Q4 as New Models Delayed

Morgan Stanley predicts 23% year-over-year decline in Apple's iPad revenue for Q4 2023, to $7.2 billion from $9.4 billion.

Tough comparison to Q4 2022 when Apple launched new iPad Pro and 10th gen iPad models.

Rumors of new iPad Air, iPad mini, and entry-level iPad models being announced this week, but some doubt on major updates.

First calendar year ever with no new iPad launches if no more models released in 2023.

Reports say Apple announcement of new iPad models could happen this Tuesday.