Apple will hold an #AppleEvent on May 7 at 7 a.m. PT New iPads and a new Apple Pencil are expected to be announced! Are you excited? pic.twitter.com/3T90wO7PeS

Apple just dropped a May 7th event in my inbox. Livestream. Probably iPad related pic.twitter.com/2MI0IidTQ9

Both the iPad Air and iPad Pro are considered “constrained” at Apple retail - and Apple won’t be replenishing stock of any current model. That’s as good an indicator as any that both are being replaced May 7.

Power On: Apple needs a low-end iPhone and a push into emerging markets to get back on track. Also: Apple’s next big thing is an on-device LLM; iPad availability dwindles; Vision Pro loses steam; and iOS 17.5 includes a change that may upend the App Store. www.bloomberg.com/news/newsletters/2024-04-21/apple-aapl-growth-opportunities-southeast-asia-and-africa-lower-end-iphone-lv9itkna