Deepwater Asset Management'smanaging partner,Gene Munsterhas predicted thatApple Inc.'s(NASDAQ:AAPL)iPadswill witness a significant surge in sales this year, however, the future might be a bit difficult.
What Happened:On Tuesday, Munster shared his insights on the future of iPads saying that it will witness an increase in sales in June and September, but the "tailwind will likely fade in 2025."
In his note, shared onX, formerlyTwitter, Munster said that three of the four iPad models have received long-awaited updates, including a thinner design, larger screens, faster chips, and increased memory.
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