Apple is on Tuesday expected to launch Mac computers having its own processor as the company transitions from Intel Corp’s chips, according to Reuters. The news came after Apple said in June it would start outfitting Macs with its own chips, extending the decade-long history of designing processors for its iPhones, iPads, and Apple Watches.

  • The new chips’ unveiling will make it easier for millions of apps currently available for iPhones to migrate to Macs.
  • Apple plans to “give the Mac a much higher level of performance, while at the same time consuming less power”- Johny Srouji, Apple’s vice president of hardware technologies.
  • Apple anticipates that the massive group of iPhone developers will embrace the new Macs that share a common 64-bit Arm computing architecture with the iPhone and use similar apps.
  • Apple’s Mac sales have surged during the pandemic, posting a record Q4 sales of $9 billion earlier in the month, all of them Intel-based.

Apple Inc. stock is currently declining. AAPL: NASDAQ is down 0.42%