- KGI Securities analyst Ming-Chi Kuo forecasts that Apple (NASDAQ:AAPL) Pencil shipments will double this year to 9M to 10M, up from an estimated 4M to 4.5M last year.
- Kuo thinks Apple will add Pencil support to the low-cost iPad expected to launch at an education-focused event next week.
- Pencil is currently supported on a few different iPad models but the lower cost iPad could have higher sales. Kuo predicts it will account for 70% of iPad sales through 2018.
- Apple shares are down 0.53% to $167.96.
- Previously: Analyst expects foldable iPhone in 2020; new iPad coming next week? (March 23)
- Previously: Ireland chooses managers for Apple taxes; Tim Cook heading to China (March 23)