Apple Inc AAPL,
Announced on Monday that it would hold a virtual show on its third, November 10, in the last three months. While the company has not specified on its event page what the presentation will cover, the company hopes to reveal new Mac computers with its own custom-designed chips. The company announced earlier this year that it planned to begin introducing Macs with Apple-designed chips over time, which would exclude Intel Corp INS.
Which currently supplies processors for Macs. Apple already uses custom chips for the iPhone and iPad with the ARM Holdings architecture. Chief executive Tim Cook said back in June that Apple expected a change to the custom silicon processor as it would take two years as the company planned to launch its first Silicon Mac by the end of the year, although other Intel-based Macs were also in the pipeline. Were in Apple shares are down 0.9% in Monday afternoon trading. The stock has soared 47% this year as the Dow Jones Industrial Average DJIA,
6% has slipped.