Supply Constraints Held Back the iPad
The one category that really suffered last quarter was the iPad, but that’s not necessarily surprising. The new iPad Air 5 came out late in the quarter, and many folks are still waiting to see what Apple’s next iPad Pro will have going for it.
More importantly, however, there’s still demand for the iPad; Apple just can’t make them fast enough due to the continuing supply chain problems brought on by the pandemic of the past two years. Cook said that the iPad’s poor showing was caused by “very significant supply constraints.”
That lines up with what we’ve seen since it’s been pretty hard to get your hands on an iPad over the past few months. That’s improved more recently, but only since the end of the last quarter.