Apple Unveils M3 Chips, Analysts Expect It To Propel MacBook and iMac Performance and User Transition from Intel
Portfolio Pulse from Anusuya Lahiri
Apple Inc. unveiled its new M3 chips family at a product launch event, which is expected to boost the performance of MacBook Pro models and iMac. The M3-equipped MacBook Pro models can be up to 11x faster than the Intel-based models, and the new iMac can be up to 4x quicker than the 21.5-inch Intel-based models. Citi analyst Atif Malik believes this will drive customers to switch from Intel Corp-based models to Apple's in-house models. Needham analyst Laura Martin reiterated Apple with a Buy and a $195 price target.
October 31, 2023 | 8:08 pm
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NEGATIVE IMPACT
The introduction of Apple's M3 chips could lead to a decrease in the use of Intel-based models.
As Apple's M3 chips are expected to outperform Intel-based models, this could lead to a decrease in the use of Intel's products, potentially negatively impacting the company's sales and stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
The unveiling of Apple's M3 chips is expected to boost the performance of its MacBook Pro models and iMac, potentially driving more customers to switch from Intel-based models.
The introduction of the M3 chips is a significant development for Apple as it could enhance the performance of its products and attract more customers. This could potentially increase sales and positively impact the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100