US stocks flat in countdown to Fed


Apple unveils new MacBooks, M3 chips

Apple’s (AAPL) stock traded flat on Tuesday following its “Scary Fast” virtual event on Monday evening.

As Yahoo Finance’s Dan Howley reports:

Apple announced its latest MacBook Pro lineup and updated iMac. Each of the systems comes equipped with the company’s new M3 line of chips, which feature a new graphics architecture for improved performance in gaming and graphics-intensive apps.

The Pros come in 14-inch and 16-inch varieties and include Apple’s Liquid Retina XDR display, a 1080p camera, a six-speaker sound system, and Apple’s macOS Sonoma operating system. But it’s the chips that make these laptops stand apart from their predecessors.

The MacBook Pro 14-inch is available with the entry-level M3, mid-range M3 Pro, and top-of-the-line M3 Max. The MacBook Pro 16-inch is available with the M3 Pro and the M3 Max. The MacBook Pro 14-inch with M3, starts at $1,599, while the version with the 14-inch with the M3 Pro starts at $1,999. The MacBook Pro 16-inch starts at $2,499.

All of the chips use 3-nanometer technology and come with Apple’s new Dynamic Caching GPU technology, which the company says is designed to ensure that software is getting the most out of the GPU’s available resources. Overall, Apple says the M3 line is a major upgrade over the first generation M1 line of chips as well as older Intel-based MacBooks.

Read more here.