The "year over year upgrade" and how much of an upgrade is enough should be considered looking at the history of the iPad Pro.
2017 pro vs 1st gen:
big upgrade for the small one (one more big core + efficiency cores, larger screen, promotion, double the RAM) although many instances of bright spot, the improvement came with a price increase from $599 to $649 (and increase in storage from 32 to 64)
minor upgrade for the 12.9 (CPU bump, promotion) and many reports of touch issues (no increase in price)
2018 vs 2017:
the biggest upgrade ever, better virtually in everything (new design, more cores, neural engine, USB C, pencil 2) except RAM (and if you got 1TB even RAM was increased). Big price increases: $649 to $799 and $799 to $999
2020 vs 2018:
very minor upgrade, camera improvement, basically the same CPU/GPU, only big improvement was more RAM (for people with 1TB model this was barely an upgrade at all). Double the storage at the base. No price increase
2021 vs 2020:
decent improvement thanks to faster CPU/GPU, Thunderbolt and more RAM (and RAM options), bigger improvement for the 12.9 with mini-led (at the cost of a bit more weight) $100 price increase for mini-led
2022 vs 2021: CPU/GPU bump (+ software feature hover) No price increase in the US
So there have been big jumps like the 2018 one (but came with a big jump in price too), 2022 is probably the smallest upgrade in history, at least in my opinion since I consider a RAM increase more important than CPU bump (but like the other 2 small upgrades, 2nd gen 12.9 and 4th gen, came with no price increase)
The next gen will probably come with a bigger improvement but there will likely be an increase in price, at least for the 11"
2017 pro vs 1st gen:
big upgrade for the small one (one more big core + efficiency cores, larger screen, promotion, double the RAM) although many instances of bright spot, the improvement came with a price increase from $599 to $649 (and increase in storage from 32 to 64)
minor upgrade for the 12.9 (CPU bump, promotion) and many reports of touch issues (no increase in price)
2018 vs 2017:
the biggest upgrade ever, better virtually in everything (new design, more cores, neural engine, USB C, pencil 2) except RAM (and if you got 1TB even RAM was increased). Big price increases: $649 to $799 and $799 to $999
2020 vs 2018:
very minor upgrade, camera improvement, basically the same CPU/GPU, only big improvement was more RAM (for people with 1TB model this was barely an upgrade at all). Double the storage at the base. No price increase
2021 vs 2020:
decent improvement thanks to faster CPU/GPU, Thunderbolt and more RAM (and RAM options), bigger improvement for the 12.9 with mini-led (at the cost of a bit more weight) $100 price increase for mini-led
2022 vs 2021: CPU/GPU bump (+ software feature hover) No price increase in the US
So there have been big jumps like the 2018 one (but came with a big jump in price too), 2022 is probably the smallest upgrade in history, at least in my opinion since I consider a RAM increase more important than CPU bump (but like the other 2 small upgrades, 2nd gen 12.9 and 4th gen, came with no price increase)
The next gen will probably come with a bigger improvement but there will likely be an increase in price, at least for the 11"
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