Apple's iPad Turns 14 Amid Declining Sales

Despite the dip in hardware sales, Apple's stock has seen a 2,515% increase since the iPad's launch.

Apple's first iPad, launched 14 years ago, introduced a new category of portable computing and has since forced competitors to create their own versions.
The current-generation iPad is struggling with declining hardware sales, and Apple has reportedly reduced OLED orders for the upcoming iPad Pro family by 30 percent, anticipating lower than expected demand.
Despite the dip in sales, Apple has managed to keep the iPad division running, with future adjustments expected.
Apple's stock has increased by 2,515% since the launch of the iPad, turning a $1,000 investment into $26,153.
iPads accounted for over $28 billion in Apple's FY23, making up 7.4% of the company’s topline.