Apple announces new lineup of iPads

  • 4 months ago
TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and Apple's big announcement about its next line of iPads.

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Transcript
00:00I'm Conway Gittins reporting from the New York Stock Exchange.
00:02Here's what we're watching on the street today.
00:04Investors were reluctant to make huge bets on Tuesday
00:08following a string of recent rallies.
00:10The Dow and the S&P 500 settled with modest gains,
00:13while the Nasdaq finished the day with a small loss.
00:16Disney was a big loser of the day.
00:18The company beat expectations thanks to financial progress
00:21at Disney+.
00:23But investors worry the streaming service
00:24faces a rough road ahead as it competes with Netflix.
00:28Apple also made big headlines on Tuesday.
00:31The tech giant debuted a new line of iPads
00:34for the first time in two years.
00:36The star of the show was an artificial intelligence-ready
00:38iPad Pro.
00:40The largest model comes with a $1,300 price tag.
00:43Apple, however, is late to the AI game
00:46compared to others like Microsoft and Google.
00:49Nevertheless, Apple CEO Tim Cook called this, quote,
00:52the biggest day for iPads since its introduction.
00:56The other most significant upgrades
00:57include more powerful chips, better screens,
01:00greater size options, and an upgraded Apple Pencil
01:03that costs $129.
01:05All this while iPads get thinner and lighter.
01:08The smaller iPad Air revealed Tuesday cost $600.
01:13The refresh comes after Apple announced a quarterly drop
01:15in iPad sales of 17% compared to the same period a year ago.
01:20All the new models hit store shelves next week.
01:23That'll do it for your daily briefing from the New York Stock
01:25Exchange.
01:26I'm Conway Giddens with The Street.

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