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Stock futures are mildly higher after Dow and S&P 500 close at records

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New MacBook Pro and iMac coming with Arm chips instead of Intel: Kuo

Apple Senior Vice President of Worldwide product marketing Phil Schiller announces the new iMac during an Apple special event at the historic California Theater on October 23, 2012 in San Jose, California.Getty ImagesApple is planning to move all of its Macs from Intel processors to custom Apple chips in 2021, TF International Securities analyst Ming-Chi Kuo said in a note over the weekend. Apple has been using Intel chips to power its computers for 15 years, but iPhones and iPads are powered by Apple's A-Series Arm-based processors. If Apple switches Macs to the same type of processors, it will be able to build computers without waiting for Intel to develop a new processor. And it could help Apple stand out from competitors in the laptop market, such as HP, Dell, Samsung and Microsoft, that rely on Intel or AMD chips."We expect that ARM Mac models outperform Intel Mac models by over 50%-100%," Kuo said in the note.Kuo expects the first of Apple's new computers, which include an "all-new form factor design iMac," to launch as soon as the fourth quarter of 2020. Today's Mac apps were designed to run on Intel chips, but Apple's macOS Catalina software, which powers Macs and was released in October, includes Apple's Catalyst technology. It allows developers to bring iPad and iPhone apps to the Mac. One area Apple will need to discuss, however, is how developers who have written apps only for the Mac will be able to move them over to the new chips, too. Read the full article