Apple Launches Faster M2 Chips, Powerful Laptops in Rare January Launch

17 February 2016, Bavaria, Munich: The Apple logo shines on the facade of an Apple Store. (dpa)
17 February 2016, Bavaria, Munich: The Apple logo shines on the facade of an Apple Store. (dpa)
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Apple Launches Faster M2 Chips, Powerful Laptops in Rare January Launch

17 February 2016, Bavaria, Munich: The Apple logo shines on the facade of an Apple Store. (dpa)
17 February 2016, Bavaria, Munich: The Apple logo shines on the facade of an Apple Store. (dpa)

Apple Inc on Tuesday unveiled MacBooks powered by its new M2 Pro and M2 Max chips, in a surprise announcement weeks ahead of its traditional launch event. 

The Mac mini starts at $599, cheaper than the latest iPhone 14 series, and is available from Jan. 24. MacBook Pro 14-inch and 16-inch with the latest chips start at $1,999, compared with the $1,299 price tag of a 13-inch model fitted with the M2 chip. 

Apple's latest chips are upgrades to the M2 chip launched last year and a part of the company's efforts to rely more on chips designed in-house after it moved away from using Intel's technology in 2020 following 15 years of collaboration. 

The M2 Pro has nearly 20% more transistors than the M1 Pro and double the amount in M2, helping programs like Adobe Photoshop run heavy workloads "faster than ever", Apple said. 

The company replaced chipmaker Nvidia as one of the top ten semiconductor vendors by revenue last year, according to a Gartner report on Tuesday. 

"This is all connected to the delayed chipset transition ... With it being delayed, Apple has been faced with the questions to wait for the traditional, expected launch or actually do something a bit unexpected," said Canalys research analyst Runar Bjørhovde. 

"This is a great way of throwing things around and surprising the consumers and competitors," Bjørhovde said, adding that the announcement could generate some hype when the market is currently tough for vendors and a quiet month for Apple. 

The company traditionally has four launch events in a year, with the first spring event scheduled in March, when Apple launches its iMacs and accessories. 

Last year, Apple launched a lower-end iPhone and M1 Ultra chip in March, followed by the iPhone 14 ahead of the holidays, a phone that did not get as much attention due to its high price point and similarities to the iPhone 13. 



Apple’s China Market Share Shrinks as Huawei Surges, Data Shows 

A woman walks past a logo of Apple Inc in Wuhan, Hubei province July 24, 2013. (Reuters)
A woman walks past a logo of Apple Inc in Wuhan, Hubei province July 24, 2013. (Reuters)
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Apple’s China Market Share Shrinks as Huawei Surges, Data Shows 

A woman walks past a logo of Apple Inc in Wuhan, Hubei province July 24, 2013. (Reuters)
A woman walks past a logo of Apple Inc in Wuhan, Hubei province July 24, 2013. (Reuters)

Apple's market share in China shrank by two percentage points in the second quarter of 2024, as the tech giant faced intensifying competition from rivals like Huawei, according to data from market research firm Canalys.

The decline underscores the difficulties the US tech giant faces in its third-largest market.

Huawei's smartphone shipments surged 41% year-on-year in the quarter, bolstered by the launch of its new Pura 70 series in April.

The Canalys data, while not providing specific shipment figures for Apple, showed that the company's market share in China dropped to 14% in the second quarter of 2024, a decrease from 16% in the same quarter of 2023.

As a result of this decline, Apple's ranking in the Chinese smartphone market fell from third to sixth place.

Overall, China's smartphone shipments rose by 10% in the quarter, Canalys said. Vivo was the top vendor with a share of 19%, followed by Oppo, Honor and Huawei with 16%, 15% and 15% respectively.

"Domestic manufacturers have demonstrated market leadership, occupying the top five positions in the mainland Chinese market for the first time in history," said Lucas Zhong, research analyst at Canalys.

"On the other hand, Apple faces growth pressure in the Chinese market and is actively focusing on optimizing channel management."

Huawei made a comeback to the high-end smartphone segment last August with the release of a device powered by a domestically-made chip, defying US sanctions that have cut off its access to the global chipset supply chain.

In an effort to boost sales, Apple has ramped up its discounting efforts this year to entice consumers. The US company launched an aggressive campaign in May, doubling the scale of an earlier promotion in February and offering price cuts of up to 2,300 yuan ($318.84) on select iPhone models.

Analysts expect Huawei's strong performance to continue throughout the year. Canadian research firm TechInsights projected earlier this year that Huawei's overall smartphone shipments in China will exceed 50 million units in 2024, with the Pura 70 series accounting for 10 million of those shipments.

That would make Huawei the No. 1 seller with a 19% market share, up from 12% in 2023, TechInsights has said.