For the first time since Apple, Inc. AAPL began designing in-house chips, it won't be upgrading the chip inside its flagship product – the iPhone, Bloomberg's Mark Gurman said in his weekly Power-on newsletter.
Apple has released five Mac chips, such as the M1 and M2, in the past year and a half, and these have powered its PCs and laptops, the Apple writer noted. In order to facilitate this, the company's silicon engineering group had to shift many testing, development and production resources to Mac chips, he added.
This focus, along with the supply bottlenecks, apparently led to slower progress with the iPhone, Apple Watch, and even a cellular modem, Gurman said.
The entry-level iPhone 14 models due to be launched this fall will retain the A15 chip that was part of the previous iPhone 13 models, the columnist said. Only the Pro version will get a new A16 processor, he added.
"The annual performance increases for Apple's iPhone processors also have slowed in recent years," Gurman said.
The Apple Watch will likely come with the same general processing performance for a third year in a row, the Apple writer said.
Ignoring non-Mac chips, according to Gurman, isn't a wise move, as Apple derives about 60% of revenue from devices that do not run M1 or M2 chips.
Apple closed Friday's session at $138.93, up 1.62%, according to Benzinga Pro data.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.
All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.
Rate collection and criteria: Click here for more information on rate collection and criteria.