Gurman indicates that he expects the M2 chip to have an 8-core CPU like the M1 chip with a 9-core or 10-core GPU.
Apple Inc (NASDAQ: AAPL) stock closed January 3, 2022, exchanging hands at $182.01, up 2.50%. The $2.99 trillion market cap company is set to release a series of new products come to the tail end of this year as usual. Mark Gurman, Editor at Bloomberg who specializes in Apple products, said the company is likely to upgrade its lineups as it completes the transition from Intel processors to custom-designed chips. After releasing 5G network-enabled devices last year, the company is looking to further its cutting-edge technology on its 2022 products. According to Gurman, at least some Apple iPhone 14 models will feature a hole-punch display design.
iPhone 14 and Other New Products by Apple
Notably, a hole-punch design refers to a display with only a small circular cutout for the front camera. Additionally, Apple is likely to redesign the MacBook Air, whereby a new M2 chip processor is more likely to be incorporated.
Gurman indicates that he expects the M2 chip to have an 8-core CPU like the M1 chip with a 9-core or 10-core GPU.
With the upgrades, Apple anticipates catching the attention of content creators including the video gaming industry. Mind you, the gaming industry catalyzed by the booming blockchain industry and the crypto market has significantly grown during the past two years, when Covid pandemic took center stage.
Apparently, the analyst expects the Apple silicon version of the Mac Pro desktop tower to launch this year with up to a 40-core CPU and 128-core GPU, along with a new Mac mini and a new larger iMac.
Not forgetting the AR/VR headset, the analyst said Apple is likely to unveil it during this year’s WWDC event. Moreover, the company is expected to fully transition from Intel-based processors to in-house designs as promised two years ago.
What the Upgrades Mean for Apple Stock Market
Notably, Apple stands as one of the most valuable tech companies in the world with a market capitalization of approximately $2.99 trillion. To put the figure into a different perspective, the entire global crypto market capitalization stands at approximately $2.34 trillion according to CoinGecko.
However, this does not mean that the company is overvalued. Instead, some analysts are optimistic the company will deliver handsomely this year. According to market analytics provided by MarketWatch, 43 ratings gave AAPL stock an average recommendation of Overweight. Out of which the average target price stands at $175.81.
AAPL stocks have gained approximately 64.41%, 13.53%, and 53.52% in the past year, YTD, and three months respectively through Monday.
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