<p>Apple is holding a keynote event on Tuesday, May 7 at 10 a.m. Eastern time, 7 a.m. Pacific time.</p>
<p>CEO Tim Cook is expected to introduce a new lineup of iPads at the event. The event is likely pre-taped.</p>
<p>Apple reported iPad sales of $5,559 billion in the first quarter of 2024, down from $6.67 billion a year ago.</p>
<p>iPhone sales were $45.9 billion in the quarter, down from $51.3 billion.</p>
<p>The company did announce it will increase its stock buyback up to $110 billion, which helped propel the stock price even though sales declined.</p>

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