According to reporting by Bloomberg, the next generation of the Apple iPad Pro is set to hit the market in the next few days. These latest iPads will be the first to include Apple’s new M2 processor, which boasts a 20 percent speed boost when compared to the older M1 version. The new version will feature a continuation of 11-inch and 12.9-inch displays.
In other news, shipping costs have drastically decreased in the past year and a half from a pandemic high of $20,586 for a 40-foot container to just $2,720. However, this drastic decrease in supply chain costs isn’t translating to lower prices on store shelves in the near future. This is due to retailers dealing with issues such as over inventory, higher labor costs and early holiday shopping.
Consumer good price drops due to decreased supply chain costs isn’t a question of if but of when. Mike Graziano, a consumer products analyst at the consulting firm RSM, said in an interview with The Washington Post: “This [price drop] is going to help consumers… It’s just a matter of when it’s going to help, and it’s going to really depend on the product that’s being sold and the company that’s selling the product.” A price drop would be good for retailers as well as consumers since lower prices on goods will help increase foot traffic and sales volume.
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