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Apple is planning to release its first in-house cellular modem, called the C1, in a mid-tier iPhone model code-named D23 next year. The C1 modem will also be used in lower-end iPads starting in 2025. The rollout of the C1 modem is expected to take three years, with higher-end products not receiving it initially. A report by Mark Gurman stated that the C1 modem would be used in low-end iPads next year and Pro versions of the iPhone and iPad in 2026. However, the new 11th generation iPads announced recently do not use the C1 modem. An Apple representative confirmed that none of the new iPads, including the Airs, use the C1 modem. It is possible that Apple may release a 12th-generation low-end iPad with the C1 modem later in 2025. The release timeline of previous iPad generations suggests that it is uncertain whether Apple will release new hardware in 2025. The author is skeptical about Gurman's report and doubts that Apple will release new iPad hardware with the C1 modem in 2025. The article also mentions the cost of a Bloomberg Terminal subscription, which starts at $32,000 per year per seat.