Apple Inc (NASDAQ: AAPL) said on Tuesday it will reveal new versions of several products, including AirTags and iPad Pro, in a virtual event on April 20th. The event, as per the tech giant, will start at 1 p.m. easter time.
Apple shares opened roughly 1% up in the stock market on Tuesday and gained another 1.5% later in the day. The U.S. firm is now exchanging hands at £97.80 per share. In comparison, it had started the year 2021 at a lower £94.15 per share.
Apple’s iPad revenue jumped 41% in the recent fiscal quarter
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Apple’s iPad revenue jumped 41% in the fiscal first quarter to £6.14 billion as the ongoing Coronavirus pandemic fuelled demand. The launch of the new iPad Pro that is likely to come with Apple’s latest and fastest processor is expected to help the American multinational benefit further from the outbreak-driven increase in demand.
Apple’s new iPad Pro might also pack a new screen that relied on mini-LED technology for an enhanced experience while viewing photos or watching movies. The Cupertino-based company had launched its current iPad Pro last year in March along with the Magic Keyboard for a more laptop-like experience.
In separate news from the United States, Jefferies upgraded Booking Holdings stock on Tuesday from ‘hold’ to ‘buy’ as the global travel and tourism sector shows signs of recovery after a massive hit from the COVID-19 crisis.
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Apple might also refresh AirPods and iMac in the upcoming event
Apple Inc hasn’t refreshed AirPods since March 2019, and the iMacs haven’t been updated with the new M1 processor. So, a new version of these devices might also be on the way. Ming-Chi Kuo (top Apple analyst), however, said last month that the iPhone maker might not release its new AirPods until Q3 of the ongoing year.
Apple TV, on the other hand, is long overdue to see an upgrade. It was launched in 2015, followed by a minor update in 2017. In a report published in December, Bloomberg said Apple was planning an update that is expected to introduce a new processor, a new remote, and a greater focus on gaming.
Apple Inc. performed largely upbeat in the stock market lasts year with an annual gain of more than 75%. At the time of writing, the American multinational technology company has a market cap of £1.64 trillion and a price to earnings ratio of 36.25.