The iPad pie shrinks as its revenue contribution shrivels to record low

Apple on Tuesday said it sold just 10.9 million iPads in the June quarter, a drop of 18% compared to the same period the year before, marking double-digit declines that now stretch back to January 2014.

The iPad generated $4.5 billion in revenue, representing just 9% of Apple's total revenue of $49.6 billion, the smallest share ever in the tablet's five-year history, including its debut in the second quarter of 2010 when the iPad accounted for 14% of Apple's revenue.

Yet CEO Tim Cook...

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