Apple Said to Plan Unveiling of New IPads in Mid-October

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Apple Inc. will unveil the next generation of iPad tablets around mid-October, a person with knowledge of the plans said, as the company bolsters its product lineup ahead of the holiday shopping season.

Chief Executive Officer Tim Cook is working to shake up the iPad line as sales of the tablets, Apple’s second-biggest product by revenue, have declined for two straight quarters. The company hasn’t introduced a new iPad since last OctoberBloomberg Terminal, and consumers have instead been shifting to smartphones with bigger screens.