Can New iPads Revive the Tablet Market?

The transcript discusses the launch of a new iPad with incremental improvements, market dynamics including product cannibalization between iPhones and iPads, and investor focus on Apple's product cycles. It highlights Apple's financial strategies, such as buybacks, and the rapid progress of Apple Pay. The discussion concludes with a focus on innovation, emphasizing that future growth may come from services like Apple Pay rather than hardware.

What was the general reaction to the new iPad launch among Apple executives and analysts?

• Confusion over the product's purpose

• Disappointment due to lack of new features

• Tepid response with recognition of incremental improvements

• Excitement and overwhelming approval

How does Apple view the potential cannibalization of its products?

• They focus on competing with other brands

• They plan to discontinue less popular products

• They prioritize overall sales within their product ecosystem

• They are concerned about losing market share

What is a key focus for investors regarding Apple's product cycles?

• The color options of the iPhone

• The success of the iPhone 6 and wearables

• The size of the iPad Mini

• The design of the new iPad

What significant development was announced regarding Apple Pay?

• It will be available only on iPhones

• It has partnered with 500 banks and 10 major retailers

• It will replace all physical credit cards

• It is exclusive to the Apple Watch

What is the main challenge for Apple in terms of innovation?

• Creating entirely new product categories

• Improving existing products incrementally

• Competing with smaller tech companies

• Reducing production costs