What's Going On With Apple Stock Tuesday?
Portfolio Pulse from Anusuya Lahiri
Apple Inc (AAPL) is testing its next-generation laptop processor, the M3 Max chip, for its most powerful MacBook Pro set to launch in 2024. The M3 chip will shift Apple to a 3-nanometer production process for Mac chips, promising better battery life and robust performance. The company is also testing M3-based iMacs, MacBook Pros, MacBook Airs, and Mac minis for launch within the next 12 months. However, sales of the computers are expected to decline by a double-digit percentage this quarter. Apple has transitioned its entire computer line away from Intel Corp (INTC) as of June 2023.
August 08, 2023 | 1:37 pm
News sentiment analysis
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NEGATIVE IMPACT
Apple has transitioned its entire computer line away from Intel, which could negatively impact Intel's business and stock.
Apple's transition away from Intel for its computer line could lead to a decrease in business for Intel, potentially negatively impacting its stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Apple is testing its next-gen M3 Max chip for a 2024 MacBook Pro launch, which could boost its product line and potentially its stock. However, a predicted decline in computer sales this quarter could negatively impact the stock.
The testing of the M3 Max chip and the potential launch of new products could be positive for Apple's stock. However, the predicted decline in computer sales this quarter could have a negative impact.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100