Apple Revamps Mac Lineup and Pricing with New Family of Chips 

This photo taken on October 30, 2023 shows people visiting an Apple store in Shenyang, in China's northeastern Liaoning province. (AFP)
This photo taken on October 30, 2023 shows people visiting an Apple store in Shenyang, in China's northeastern Liaoning province. (AFP)
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Apple Revamps Mac Lineup and Pricing with New Family of Chips 

This photo taken on October 30, 2023 shows people visiting an Apple store in Shenyang, in China's northeastern Liaoning province. (AFP)
This photo taken on October 30, 2023 shows people visiting an Apple store in Shenyang, in China's northeastern Liaoning province. (AFP)

Apple on Monday introduced new MacBook Pro and iMac computers and three new chips to power them, with the company saying it had redesigned its graphics processing units (GPU), a key part of the chip where Nvidia dominates the market.

The new computers and the M3, M3 Pro and M3 Max chips were unveiled at an online event heavily focused on professional users.

In the US, the 14-inch MacBook Pro laptop will start at $1,599 and a 16-inch version starts at $2,499. The new iMac desktop with the M3 family of chips starts at $1,299. Some will be available next week, while others will not ship until later in November.

Apple has seen a revitalization in its Mac business, roughly doubling its market share to nearly 11% since 2020 when it parted ways with Intel and started using its own custom-designed chips as the brains of the machines, according to preliminary data from IDC.

As part of the focus on business users on Monday, it showed off a new secure screen sharing feature that would let them on their machines from remote locations.

The company's custom chips, which use design technology from Arm Holdings, have given its Macs better battery life and, for some tasks, better performance than machines using Microsoft's Windows operating system.

Unlike other laptop makers that might combine a central processor unit (CPU) from Intel with a GPU from Nvidia, Apple has combined both parts in its Apple silicon chips, which the company claims gives it better performance than its rivals.

Apple's shakeup of the market has spurred Qualcomm to redouble its efforts to make Arm-based chips for Windows, announcing plans last week to release a chip that is both faster and more energy efficient than some Apple offerings. Reuters last week reported that Nvidia also plans to jump into the PC market as early as 2025.

Corporate buying

Apple aimed the new machines squarely at designers, musicians and software developers, at one point highlighting that the way it uses memory can be used by artificial intelligence researchers, whose chatbots and other creations are often constrained by how much data can be held in the computer's memory.

Apple also tweaked its overall lineup of computers in ways that could change the behavior of corporate buyers.

While slashing the US price of the new 14-inch MacBook Pro from $1,999 to $1,599, Apple appeared to have eliminated a cheaper $1,299 13-inch model of its MacBook Pro that was a big seller to businesses, said Ben Bajarin, chief executive and principal analyst at Creative Strategies.

That move will likely clarify the choice between the company's model lines, prompting choices between Apple's productivity-oriented MacBook Air models that top out at $1,299 or the new $1,599 starting price for MacBook Pro models.

At Apple, the Mac hit $40.18 billion in revenue for its fiscal 2022, or about 11% of its revenue. While that was up 14% from the previous fiscal year, sales this year have slowed along with the rest of the PC industry, which has suffered a post-pandemic slump.

Apple said the new chips would be the first for laptops and desktops that use 3 nanometer manufacturing technology, which will give the chips better performance for each watt of electricity used.

Apple did not name who is making the chips, but analysts believe it is Taiwan Semiconductor Manufacturing Co, which uses the same technology to make chips for the top-end iPhone 15 models.

Throughout the event, Apple executives compared the performance of the new MacBooks and iMac machines to older Apple machines with chips from Intel, playing up how much speed customers would notice by upgrading to devices with Apple's own chips.



Existing ByteDance Investors Emerge as Front-Runners in TikTok Deal Talks

The icon for the TikTok video sharing app is seen on a smartphone in Marple Township, Pa., on Tuesday, Feb. 28, 2023. (AP)
The icon for the TikTok video sharing app is seen on a smartphone in Marple Township, Pa., on Tuesday, Feb. 28, 2023. (AP)
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Existing ByteDance Investors Emerge as Front-Runners in TikTok Deal Talks

The icon for the TikTok video sharing app is seen on a smartphone in Marple Township, Pa., on Tuesday, Feb. 28, 2023. (AP)
The icon for the TikTok video sharing app is seen on a smartphone in Marple Township, Pa., on Tuesday, Feb. 28, 2023. (AP)

White House-led talks on the future of TikTok are coalescing around a plan for the biggest non-Chinese investors in parent company ByteDance to up their stakes and acquire the short video app’s US operations, according to two sources familiar with the discussions.

The plan entails spinning off a US entity for TikTok and diluting Chinese ownership in the new business to below the 20 percent threshold required by US law, rescuing the app from a looming US ban, said the sources, who asked to be kept anonymous because they were not authorized to speak on record.

Jeff Yass’ Susquehanna International Group and Bill Ford’s General Atlantic, both of which are represented on ByteDance’s board, are leading discussions with the White House on the plan, the sources said.

Private equity firm KKR is also participating, one of the sources said.

The fate of the short video app used by nearly half of all Americans has been up in the air since a law took effect on Jan. 19 requiring ByteDance to either sell it or face a ban on national security grounds.

The law, passed last year with broad bipartisan support, reflects concern in Washington that TikTok’s ownership makes it beholden to the Chinese government and that Beijing could use the app to conduct influence operations against the United States. Free speech advocates have argued that the ban unlawfully threatens to restrict Americans from accessing foreign media in violation of the First Amendment of the US Constitution.

The company has said US officials have misstated its ties to China, arguing its content recommendation engine and user data are stored in the United States on cloud servers operated by Oracle while content moderation decisions that affect American users are also made in the US.

Under the plan proposed by existing investors, software giant Oracle would continue to house US user data and provide assurances that the data is not accessible from China, this source added.

Representatives for TikTok, ByteDance, Susquehanna, Oracle and the White House could not immediately be reached by Reuters for comment.

General Atlantic and KKR declined to comment.

The Financial Times reported earlier on Friday that US ByteDance investors were seeking to buy out Chinese investors in a proposed deal for a spun-off TikTok US business, naming investment firm Coatue as another existing investor involved in the talks.

Coatue did not immediately respond to a request for comment.

US President Donald Trump issued an executive order postponing enforcement of the law to April 5 shortly after taking office and said last month that he could further extend that deadline to give himself time to shepherd a deal.

According to legal filings from TikTok last year, global investors own about 58 percent of ByteDance, while the company’s Singapore-based Chinese founder Zhang Yiming owns another 21 percent and employees of different nationalities - including about 7,000 Americans - own the remaining 21 percent.

The White House has been involved to an unprecedented level in the closely watched deal talks, effectively playing the role of investment bank.

Trump initially supported the establishment of the ban during his first term but in recent months has pledged to "save TikTok" and keep the app alive in the US, crediting it with helping him win the 2024 presidential election.

The app went dark briefly, then came back online shortly after Trump’s inauguration, after he signed the executive order delaying enforcement of the ban by 75 days.

Trump said earlier this month that his administration was in touch with four different groups about a prospective TikTok deal, without identifying them.

Others vying to acquire the app include an investor group led by billionaire Frank McCourt and another involving Jimmy Donaldson, better known as the YouTube star Mr. Beast.

Reuters and others reported in January that Trump’s administration was working on a plan for TikTok that would involve tapping Oracle and some existing ByteDance investors to take control of the app’s operations.

Under the prospective deal, ByteDance would retain a stake in the company, but data collection and software updates would be overseen by Oracle, which already provides the foundation of TikTok’s infrastructure under an arrangement negotiated during Trump’s first term.