Much to Apple's chagrin, people tend to hold on to iPads for a long time, at least compared to smartphones. Three years is actually a low number -- I've had my iPad Pro for almost six, and I'm sure there are people using older hardware. The truth is that for what most people do with them, iPads are overpowered, and there's often little reason to replace them until they break, lose battery capacity, or no longer get iPadOS updates. You don't need an M5 chip and a tandem OLED display to read books or watch Netflix.
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