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Apple Trades Higher as it Unveils High-End MacBooks Using Own Chips

Published 10/19/2021, 05:52 AM
Updated 10/19/2021, 05:56 AM
© Reuters.
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By Dhirendra Tripathi

Investing.com – Apple stock (NASDAQ:AAPL) was 0.4% up in Tuesday’s premarket session a day after the company unveiled two high-end MacBook Pro laptops powered by its next-generation silicon chip.

The laptops use Apple’s new in-house ‘M1 Pro’ and ‘M1 Max’ processors, which promise to be 70% faster and more efficient than its previous M1 chip.

Intel, which counted Apple as its biggest customer for long, traded slightly weaker premarket. With Apple putting its own chips in high-end laptops as well, the separation from Intel has widened.

M1 Max's graphics performance is four times faster than that of the M1 chip, the iPhone-maker claimed, while the M1 Pro's is twice as fast. It’s also much faster than earlier Intel (NASDAQ:INTC) chips.

Apple has been designing its own processors for its devices for the past decade, an exercise, allowing it to put those chips in more models and devices.

Apple Monday also unveiled AirPods 3, entry-level wireless earbuds that borrow from its higher-end AirPods Pro line.

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