Moneycontrol
Last Updated : Oct 30, 2018 09:25 PM IST | Source: Reuters

Apple unveils new Mac computers at New York event

Apple introduced new iPhones and Apple Watches last month, but the older product lines accounted for $45 billion in sales in the most recent fiscal quarter.

Apple Inc on October 30 unveiled new Mac computers, including updates to its entry-level Mac Book Air laptop and Mac Mini desktop.

Apple said a new version of the Mac Book Air, originally released in 2011, would feature a higher-resolution display and thinner bezels and start at $1,199, hitting stores on Nov. 7.

The company also said the Mac Mini, a small desktop customers provide their own display and accessories for, would feature more processing power and memory capacity and start at $799.

Analysts also expect new versions of Apple's iPad Pro, its higher-end tablet computer that competes with the Microsoft Surface, with thinner bezels and more screen space, along with the face unlock system found on Apple's newer iPhones.

Apple introduced new iPhones and Apple Watches last month, but the older product lines accounted for $45 billion in sales in the most recent fiscal quarter. In comparison, iPhones brought in revenue of $141.3 billion.

"They really wanted to show the world they haven't forgotten about the iPad and the Mac," said Mika Kitagawa, a senior principal research analyst at Gartner.

The Mac lineup has been in need of a boost.

In July when Apple reported its most recent quarter, the company had its worst quarter of Mac sales since 2010, with unit volumes down 13 percent year over year. And iPad unit sales were up only 1 percent versus a year earlier, and revenue for both was down 5 percent from the prior year.

But some of that dip in Mac sales was explained by timing - Apple waited to release new Macs until July, when it had in previous years offered them in June. More broadly, Mac sales growth has outpaced the PC market and the iPad has been the most successful tablet in a market that turned out to be smaller than Apple hoped when it released the device in 2010.

While Apple has held prices down on some items like its entry-level iPads for schools, analyst had widely expected it to hold or raise prices for its new laptops and desktop.

With Mac laptops in particular, consumers increasingly use phones or tablets for quick tasks and only turn to a full-fledged computer when they need extra horsepower. Apple is unlikely to cut corners to drop the price of its entry-level laptops, analysts had said.

"With Apple, 'cheap' is always more expensive than everybody else," said Carolina Milanesi, an analyst at Creative Strategies. Apple is likely to pick a price where "you don't feel like you're breaking the bank, but you don't feel like you're compromising your experience."
First Published on Oct 30, 2018 08:48 pm
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