There was once a time when Apple’s tablet business seemed like it would become one of the company’s biggest sources of revenue. Back in 2012, market research firm IDC predicted that tablet shipments around the globe would likely grow by 174.5% by 2017 from its levels that year. Such a prediction, unfortunately, didn’t come to pass, and in a report published last February, IDC noted that worldwide tablet shipments for 2017 came in at only 163.5 million units, down 6.5% from 2016.
Apple’s iPad series has been affected by this industry-wide trend. In Apple’s fiscal year 2013, the company reported unit shipments and revenue of 71 million units and $31.989 billion. In the company’s fiscal year 2017, iPad shipments were 43.75 million, and revenue was at $19.22 billion, respectively. Despite this decline, this does not mean to say that Apple’s tablet business is becoming irrelevant. Far from it, as the company’s tablet business still comprises about 8.4% of its fiscal-year 2017 revenue, according to The Motley Fool.