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Apple Set to Introduce Its New MacBook Pro, AAPL Stock on Back of Strong Run in Weeks

UTC by Tolu Ajiboye · 3 min read
Apple Set to Introduce Its New MacBook Pro, AAPL Stock on Back of Strong Run in Weeks
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The new Apple MacBook Pro that is expected to be announced will have M1 processor replacements and 10 standard CPU cores.

Apple Inc  (NASDAQ:AAPL) plans to debut its new MacBook Pro device at its ‘Unleashed’ Apple event slated for today, October 18th. The tech giant teased a slew of interesting changes to one of its product staples, including functionality and visual modifications.

New MacBook Pro by Apple

According to Bloomberg’s Mark Gurman, the powerful computers will come in 14-inch and 16-inch sizes. In addition, they will feature higher resolution mini-LED display technology. It is also believed that Apple will be bringing ports back to its new laptop models with the redesign. The new MacBook Pros may feature an SD card reader and HDMI port. Furthermore, the new MacBook Pro notebooks will reinstate the MagSafe charging that enables faster-charging speeds, however, Apple may discontinue the ‘Touch Bar’ feature, according to Gurman.

In addition to a 16 or 32 graphics cores option buyers can choose from, the MacBook Pros will sport 10 standard CPU cores. Plus, Apple says the latter will be supported by eight high-performance cores and two energy-efficient cores. Apple is also ramping up the RAM size of the devices’ chips from 16GB all the way up to 32GB and 64GB. The multinational company says it repeatedly tested prototype versions with the new RAM enhancements. Although the new chips will be replacing the M1 processor, Apple is yet to christen these newer powerful versions. The general consensus is that the leading tech company may go with the ‘M1X’ or ‘M2.’ This closely mirrors a trail of chip developments and enhancements and naming strategy Apple adopted for the iPad. Or as Gurman put it:

“If Apple wants to give each chip its own name, “M1X” and “M1Z,” with the Z signifying the option with better graphics performance, is a possibility. That would match the 2020 iPad Pro strategy. That iPad had the same CPU as the 2018 iPad Pro with the A12X chip, but a better GPU. So Apple named the 2020 chip the A12Z.”

AAPL Stock

Apple stock (AAPL), currently trading at $144.32, is up 1.42%, 1.33%, and 1.68% on the 5-day, 1-month, and 3-month indexes respectively. Furthermore, it is up by 24.88% from a year ago, driven primarily by an increase in sales during the pandemic. The quarantine and stay-at-home mandate compelled more people to buy computers as part of their domiciliary work tools. Furthermore, AAPL recently shrugged off supply chain woes from component shortages to wrap up its best-performing week in six weeks.

Apple released its report for the third quarter in June 2021. The tech giant sold $26 billion in Macs, a 3.3% increase from $19.59 billion YoY. According to company CEO Tim Cook, “the last three quarters for Mac have been its three best quarters ever.” Last month Apple released new iPhones, iPads, and Apple watches. This subsequently left its Macs line as the remaining major product line to receive an update treatment.

Apple continues to work on the development of its next-gen Apple Silicon devices. These include a new ‘smaller’ Mac Pro, and a low-end Mac Pro. In addition, an upscale MacBook Air, a high-end Mac mini, and a new bigger iMac are also in the works.

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Tolu Ajiboye
Author Tolu Ajiboye

Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge. When he's not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.

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