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No new MacBook Pro this year? Report says M5 models pushed to 2026 ahead of iPhone 17 launch

No new MacBook Pro this year? Report says M5 models pushed to 2026 ahead of iPhone 17 launch

India Today4 days ago
If you are waiting for the new generation of the MacBook Pro lineup, you might have to wait a bit longer. Earlier expected to arrive in late 2025, new reports now suggest that Apple may not refresh the MacBook Pro lineup this year at all. Instead, high-end Mac machines powered by the M5 chip are rumoured to arrive in 2026. The delay in the arrival of M5 Macs also hints at a possible pushback in the launch of Macs featuring OLED displays.advertisementAccording to Apple supply chain analyst Ming-Chi Kuo, MacBook Pro models featuring the upcoming M5 series of chips are unlikely to hit the market until 2026. In his research note, Kuo reveals that his supply chain checks hints in high-end versions of the M5 chip — likely the M5 Pro and M5 Max — will continue to use separate 'underfill' and 'moulding' processes during manufacturing. This differs from the wafer-level multi-chip module (WMCM) packaging Apple plans to introduce in the A20 chips for next year's iPhone 18 series. The A20 is expected to improve production efficiency and increase yield rates, meaning more usable chips per wafer.Nevertheless, Kuo's mention of the high-end Macs as '2026 MacBooks' suggests that the long-rumoured M5-powered MacBook Pro refresh will not arrive this year. Notably, Kuo is not the only one hinting at the delay. An earlier Bloomberg report from Mark Gurman also suggested that Apple is considering pushing the release of its next MacBook Pros to 2026.
According to Gurman, Apple is planning a busy product pipeline for the first half of 2026, including a new low-cost iPhone, likely the iPhone 17e, updated iPad models, and a new external Mac monitor. While new MacBook Pro and MacBook Air models had originally been on track for a 2025 debut, the company is now weighing a schedule shift to next year instead.As for the reason behind the delay, reports suggest that Apple is working to stabilise sales after a period of uneven demand. Following a pandemic-driven boom, the Cupertino tech giant has faced slower product cycles and softer consumer interest in some segments. Now stretching out major MacBook updates could help Apple better align supply, marketing, and feature upgrades for maximum impact.While the M5 MacBook Pro will bring more power and some notable upgrades, it might not be the most tempting purchase for some buyers. Both Kuo and Gurman suggest that the more substantial leap will come with the M6 generation, expected to introduce an OLED display, a thinner chassis, and a smaller notch. However, those models may not be ready until late 2026 or early 2027.OLED MacBook to arrive laterThe OLED MacBook Pro has been a long-running rumour in Apple circles. According to Gurman, the first models with the display technology are expected to launch 'between the end of 2026 and early 2027.' Switching from LCD to OLED could bring multiple benefits, such as deeper blacks, higher contrast ratios, potentially brighter screens (especially if Apple uses tandem OLED panels like in the latest iPad Pro), and improved power efficiency for better battery life.Since Apple is unlikely to release two major MacBook Pro refreshes in the same year, the possibility of the OLED Mac arriving in 2027 appears more likely. Meanwhile, the current M4-powered MacBook Pro lineup could remain unchanged throughout 2025.- Ends
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Apple India leases 2.7 lakh sq ft office space from Embassy Group in Bengaluru for 10 years at over ₹1,000 crore
Apple India leases 2.7 lakh sq ft office space from Embassy Group in Bengaluru for 10 years at over ₹1,000 crore

Hindustan Times

time2 hours ago

  • Hindustan Times

Apple India leases 2.7 lakh sq ft office space from Embassy Group in Bengaluru for 10 years at over ₹1,000 crore

Apple India Pvt Ltd has leased around 2.7 lakh sq ft of office space in real estate developer Embassy Group's project Embassy Zenith in Bengaluru for a 10-year term, with a total rental outlay of over ₹1,000 crore, setting a benchmark with lease rates touching almost ₹235 per sq ft per month, documents accessed by Propstack showed. Apple India Pvt Ltd has leased about 2.7 lakh sq ft of office space in real estate developer Embassy Group's project Embassy Zenith in Bengaluru for a 10-year term (Representational photo)(Pixabay) The tech giant will pay a total of ₹1,010 crore over 10 years, inclusive of rent, parking, and common area maintenance charges, the documents showed. The iPhones and IPads maker has leased nine floors, from the 5th to the 13th, with a carpet area of 1.96 lakh sq ft and a chargeable area of 2.68 lakh sq ft in Bengaluru's Sankey Road from Mac Charles (India) Ltd. Apple will pay ₹6.31 crore per month, translating to ₹235 per sq ft. Apple will receive a total of 362 car parking spaces as part of the deal, the documents showed. The company has deposited ₹31.57 crore as security, and the agreement includes an annual rent escalation of 4.5%, the documents showed. The company also has the option to lease additional space measuring 1.21 lakh sq ft across the ground to fourth floors, the documents showed. An email query has been sent to Apple India Private Limited and Embassy Group. The story will be updated if a response is received. Apple Inc has leased office space in a commercial project on a 2.3-acre land parcel, previously occupied by the Le Meridien hotel, overlooking Bangalore Golf Club and Cubbon Park. Embassy Group, which acquired the property years ago, is developing the tower comprising two basements, a ground floor, and 13 upper floors, the documents showed. 'Apple's 10-year commitment for prime office space in Bengaluru highlights their immense confidence in the Indian market. This investment in talent and operations runs parallel to their manufacturing scale-up for iPhones with companies like Foxconn. Together, these moves solidify India's crucial position at the heart of Apple's global supply chain and innovation efforts,' said Raja Seetharaman, co-founder Propstack. Other Apple India transactions in Bengaluru In May 2025, Apple India leased 7997.8 sq ft of retail space in North Bengaluru's upscale Phoenix Mall of Asia for an annual rent of ₹2.09 crore for 10 years, according to documents accessed by Propstack. The lease has a tenure of 10 years with a 15% escalation in both rent and security deposit every three years. Apple has paid a security deposit of ₹1.046 crore, the document showed. Also Read: Bengaluru: Here's how Foxconn's iPhone plant is reshaping Devanahalli's real estate market The lease also included a revenue-sharing component, almost 2% of revenue for the first 36 months and 2.5% thereafter. However, revenue share payments are capped at twice the value of the applicable yearly minimum guaranteed rent, the document showed. According to media reports, in 2023 Apple leased several floors of Prestige Estates Projects' commercial building, Prestige Minsk Square, in Bengaluru's central business district on Cubbon Road, for 10 years at a starting monthly rent of ₹2.44 crore. Foxconn facility in Bengaluru Real estate experts note that Foxconn's facility in Bengaluru is already fueling demand for residential and commercial properties in Devanahalli, driven by rising employment opportunities and infrastructure development. Taiwanese electronics giant Foxconn's Bengaluru factory, its second-largest manufacturing unit, has commenced operation with production of iPhone 17 recently at a small scale, sources aware of the development told PTI. Also Read: Office leasing across top 8 cities clocks 48.9 mn sq ft in H1 2025; Bengaluru sees record absorption at 18.2 mn sq ft Foxconn is the largest manufacturer of iPhones, and the second-biggest facility outside China in Devanahalli near Bengaluru, being set up at an investment of $2.8 billion (about ₹25,000 crore). "Foxconn Bengaluru unit has commenced operation with the production of iPhone 17. This is in addition to the production of iPhone 17 at its Chennai unit," a source aware of the development told PTI.

AI Boom Seen Driving Next Decade of Emerging Markets Performance
AI Boom Seen Driving Next Decade of Emerging Markets Performance

Mint

time3 hours ago

  • Mint

AI Boom Seen Driving Next Decade of Emerging Markets Performance

(Bloomberg) -- Emerging-market funds are pivoting to capture the artificial intelligence craze, with some investors predicting that booming technology spending will drive returns for years to come. Encouraged by the success of Chinese AI developer DeepSeek and Asia's powerhouse semiconductor firms, asset managers like AllSpring Global Investments and GIB Asset Management are concentrating more of their portfolio in AI stocks. That's been a winning trade, with AI companies being the six biggest contributors to the rally in Bloomberg's EM stocks index this year. 'This trend could last for the next 10 to 20 years,' said Alison Shimada, head of total emerging markets equity at AllSpring, which oversees $611 billion. 'The impact on local populations within EM will be transformational.' While much of the AI investment frenzy has focused on a handful of Silicon Valley firms, EM companies that can harness the technology or supply crucial components are benefitting. AI servers, for example, have become the main growth driver for Taiwan's Hon Hai Precision Industry Co., which is known as Foxconn. The top contributors to Bloomberg's EM stock index this year are Taiwan Semiconductor Manufacturing Co., Tencent Holdings Ltd., Alibaba Group Holding Ltd., Samsung Electronics Co., SK Hynix Inc. and Xiaomi Corporation, together accounting for 37% of the index's rally. Emerging-market stocks that are highly exposed to AI have even outperformed the so-called Magnificent Seven megacap tech firms so far this year, according to equities strategists at Citigroup Inc. 'You cannot invest in emerging markets without having a sanguine and optimistic view of what this AI story can evolve into from a corporate earnings perspective,' said Kunal Desai, London-based co-portfolio manager for global emerging markets equities at GIB Asset Management. Desai said that Taiwan and South Korea will be 'central drivers' of the EM market story over the next two to three years, with Malaysia, China, India, parts of Latin America and the Middle East seeing 'disproportionate gains' due to their exposure to AI data and applications. His fund has invested in AI stocks during recent market dips, predicting that a third of emerging market returns will come from AI-related stocks in the coming years. There are signs that the momentum will continue as AI adoption accelerates across segments including cloud computing and electrical vehicles. The average estimate of forward 12-month earnings for EM tech stocks has increased 15% since the start of the year, compared to 6% for EM stocks overall. 'The share of AI contribution from the performance standpoint will only grow from here,' said Xingchen Yu, an emerging markets strategist at UBS Global Wealth Management. 'The rise of AI and tech is creating a new layer of secular growth, especially in North Asia.' The AI revolution could help EM stocks overcome a key obstacle: earnings performance. Company results have lagged forecasts every quarter since early 2022, with MSCI EM Index companies collectively missing profit expectations by more than 12%, according to data compiled by Bloomberg. But firms in the AI-heavy information-technology sector have consistently met earnings projections since the fourth quarter of last year, boosting investor confidence. 'This sector has been expected to grow explosively and will continue to do so in the future,' said Young Jae Lee, senior investment manager at Pictet Asset Management Ltd. 'AI will continue to be a key sector within emerging markets.' --With assistance from Jorgelina do Rosario. More stories like this are available on

A startup is tapping underground parking garages for clean energy
A startup is tapping underground parking garages for clean energy

Economic Times

time4 hours ago

  • Economic Times

A startup is tapping underground parking garages for clean energy

Bloomberg The heat held in New York's underground labyrinth of infrastructure, from hundreds of miles of subway tunnels to parking garages and malls, is a clean energy gold mine. Now, a Swiss startup wants to tap it to heat and cool buildings, all without drilling a single borehole. Globally, heating accounts for nearly half of all energy consumption. That could make decarbonizing it a half-trillion-dollar market, according to a BloombergNEF analysis. Using the Earth's heat offers one route to cut emissions, but traditional geothermal projects can be costly and require space to operate drilling equipment, making them a poor fit for cities. Startup Enerdrape's system uses energy-harvesting panels in manmade underground spaces, though, which could allow it to gain a toehold in cities. The Swiss company focuses on older multifamily buildings, which are harder to decarbonize than newer builds. In New York, residential structures built before 1960 make up more than 64% of the housing stock, though not all of it is well-suited for the panels. 'There really aren't many companies doing this,' said BNEF analyst Stephanie Diaz. 'They are truly a novel approach in how to decarbonize buildings,' though the company will have to figure out how to scale its technology to work with a wide variety of buildings. Enerdrape's technology is the product of decades of research spearheaded by Lyesse Laloui, a professor at the Swiss Federal Institute of Technology at Lausanne. A five-time startup founder, he's spent the last 15 years tackling the question of how to turn underground structures into energy sources. Initially, he created a solution for new construction, but realized that it only addressed a small part of the decarbonization puzzle compared to existing buildings. He and his team developed a prototype heat-exchanging panel in panels affix to concrete infrastructure, which can hold large stores of heat. (Think of how hot a subway station gets in the summer, for example.) Enerdrape taps that heat using a system of prefabricated panels that absorb geothermal energy from the ground or the air. Even when underground spaces aren't sweltering, the ground temperature, at several feet of depth, stays relatively constant throughout the year. During the summer, Enerdrape's system uses the underground as a heat sink to absorb a building's heat and cool it. In the winter, it does the opposite, using the ground like a battery to warm things up. The system requires installing one panel for roughly every 110 square feet (10 square meters) of a building's floor area. The panels are connected to heat-transferring fluid, working in tandem with one or more heat pumps. 'Enerdrape moves heat from where it's not needed to where it is,' co-founder and Chief Technology Officer Alessandro Rotta Loria said. Rotta Loria, who was Laloui's former PhD student, likened it to an underground solar panel that feeds on heat rather than the sun's rays. Enerdrape says its panels can meet 100% of the space heating, cooling and hot water needs for buildings up to 10 stories in company, which launched in 2019, has projects across Europe, including with Switzerland's largest retailer, Coop Immobilier, small businesses like a dental office in Spain, utilities and multiple Swiss cities. It also teamed up with Engie, one of Europe's largest gas and renewable energy suppliers, to provide energy to 72 homes with Paris Habitat, France's largest affordable housing provider. Enerdrape said its 145 panels provide 70 megawatt-hours of heat per year and cover 25% of homes' domestic hot water needs while avoiding 15 tons of carbon dioxide emissions annually. Despite many urban areas setting ambitious climate goals and a growing number of residential electrification programs, few companies target affordable housing, according to a 2022 report from the American Council for an Energy-Efficient Economy. Decarbonizing heat first is the most cost-effective way to electrify affordable housing, the group found. Low-income housing tends to be old buildings that are more expensive to retrofit, said Thatcher Bell, who leads climate tech accelerator The Clean Fight's programs. High upfront cost for replacement, financial constraints and the large number of stakeholders in these buildings make operators less likely to install new technology. The accelerator selected Enerdrape for a recent cohort of startups focused on low-cost, low-construction ways to cut emissions from older units, without displacing residents. The need for those types of solutions is New York, Governor Kathy Hochul calls for building 800,000 electrified or electrification-ready homes by 2030. New York City, meanwhile, passed a law to tackle building emissions, which account for approximately 70% of the city's carbon footprint. Similar measures in cities like Boston and Seattle have followed. The majority of New York City residential buildings covered by the law are pre-war construction of six stories or less, according to the Urban Green Council. That provides plenty of opportunities for technology like Enerdrape's. However, the startup faces some challenges. Heat pump adoption is higher in parts of Europe, and Enerdrape will have to contend with slower adoption in the US due to cost. Upfront cost, which includes panel installation and heat pump connection, is typically between $100,000 and $500,000, depending on a building's available surface area that can be activated as a heat source. Political headwinds in the US are another issue, with President Donald Trump curtailing federal support for heat system can cut electricity costs, though. According to the company, it can deliver energy at 3 to 4 cents per kilowatt hour, compared to the average US gas price of 17 cents per kWh. Enerdrape says its solution is cheaper in Europe, where fuel costs are 3 to 5 times higher than in the US. The system also won't help with larger buildings, which are some of New York's biggest energy users. 'We're not going to be able to do much' with a 60-floor high-rise, Rotta Loria said. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Tariffs, tantrums, and tech: How Trump's trade drama is keeping Indian IT on tenterhooks How IDBI banker landed plush Delhi properties in Amtek's INR33k crore skimming Good, bad, ugly: How will higher ethanol in petrol play out for you? 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