Apple Inc. (NASDAQ:AAPL) may not launch new products with the new mini-LED screen this year, prominent analyst Ming-Chi Kuo has predicted.
What Happened: Kuo had said last week that Apple may not launch new mini-LED products this year due to cost concerns.
Kuo’s comments suggest Apple may launch only updated versions of its existing mini-LED products such as the 12.9-inch iPad Pro this year and not new products with mini-LED displays.
The analyst doesn't expect the 11-inch iPad Pro with a mini-LED display or a mini-LED version of the Studio Display to be launched this year.
Kuo had earlier predicted that Apple might introduce a mini-LED version of the 11-inch iPad Pro in 2022, as per a report by AppleInsider in July last year.
Apple's existing products with mini-LED displays include the 12.9-inch iPad Pro and the high-end MacBook Pro models.
Price Action: Apple shares closed 2.9% higher in Wednesday’s trading session at $159.59, but lost almost 0.2% in the after-hours session to $159.28.
