Forecast Of The Day: Apple’s iPad Revenue

by Trefis Team
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Trefis
AAPL
Apple
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What?

Apple’s (NASDAQ: AAPL) iPad revenues rose from around $21 billion in FY’19 to about $24 billion in FY’20. We expect the number to grow to around $30 billion in FY’21 and around $32 billion in FY’22.

Why?

Apple’s iPad sales are gaining traction on the back of the work and learn from home trend through Covid-19.

So What?

Although iPads are now the smallest of Apple’s five product segments, they remain important, as Apple has been introducing new and more premium models with high-margin accessories.

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