Fans of Apple (NASDAQ:AAPL) stock will want to keep an eye on the company in the coming days. Reportedly, Apple is preparing for a new product launch.
According to recent reports, Apple is setting up to launch a new iPad Pro this year. Sources claim that the new versions of the iPad Pro will come in 11-inch and 12.9-inch sizes. The devices will also run off of Apple’s M2 processor.
To go along with this, it looks like Apple is getting ready to drop iPadOS 16.1 later this month. Insiders claim this will come out sometime next week. That’s big news for iPad owners, as its the first version of iOS 16 made for the tablets.
If all of the current rumors hold true, AAPL stock shareholders will also see the introduction of a new entry-level tablet. This device will remain similar in design to current iPad Pro models, according to Bloomberg.
AAPL Stock: Logic Behind These Reports
It makes sense that Apple will announce a new iPad Pro line in the coming days. The company typically launches a new product ahead of its earnings report, which is set for Oct. 27. Adding to that, the iPad Pro line has not seen a new model yet in 2022.
Although the exact date for the iPad Pro 2022 launch isn’t clear, it can’t be too far off. Currently, the Apple Store is down for an update and CEO Tim Cook has been making some suggestive tweets.
AAPL stock is up 1.4% as of Tuesday afternoon.
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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
