Apple podcast service, tags for lost items expected at iPad launch event

Apple Inc is expected to unveil a new podcast subscription service and finally may show off tiny tags meant to locate lost items at a virtual event Tuesday that likely will feature new iPads and Mac computers. Apple shares have risen nearly 95% over the past year, faster than the 64% rise in the Nasdaq Composite Index, thanks to a record $274.5 billion in sales for fiscal 2020 as consumers stocked up on electronics during the pandemic. Macs and iPads accounted for $52.3 billion during its fiscal 2020, and analysts expect updates to the top-end iPad Pro models on Tuesday, including better display and processing technology.

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