The iPad is not a laptop replacement. It is a different thing. It cannot do all the things a laptop can, but it can do some things very well. And it has evolved over time.
I had two iPads. The first one was the new iPad (3rd gen), which I bought back in 2012. The second is the 9.7-inch iPad Pro, which I bought in 2016. In four years, the tablet has evolved a lot. It is faster, the apps have evolved, and the pen and the keyboard provide much better interaction.
However, it still falls short of being a good laptop replacement. Here are some possible reasons for that:
- There is no file system. Each app has its own way to save documents in the iPad, and there is no file system to rely on.
- Poor apps. Apps tend to be cheap and, therefore, they are usually very simple and it seems like there is not much effort in developing them to become robust and fully featured.
- No mouse support. Yes, there is no point-and-click. The pen is very good, but a pointer is more precise for some tasks.
It is unlikely that Apple will modify these issues in the short term. However, they seem to me to be crucial to get the iPad to do some serious work. It has evolved, and it will continue evolving, but not in a very fast pace.
The way I see it, the iPad will either become a laptop replacement or die. The iPhone (and other top smartphones) are already very good at browsing the web, and doing simple tasks. And the iPhone Plus is big enough for comfortably browsing the web. People will not keep buying iPads just for that.
And people will probably not keep buying the iPad to be an in-between. People will not carry an iPad and a laptop. Even if the iPad is light, it is even lighter not to carry one, if a laptop is required anyway to do any complex task. Either the iPad will evolve or it will disappear, because it does not do things which are really necessary and which people cannot live without.
Apple is probably aware of that. Apple is a USD 800 billion company whose revenues are about 70% represented by one single product (the iPhone). This is iPad's fault, as its business has been shrinking. The iPad used to represent more of Apple's business, but it is at only 7% now.