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Apple said to launch sub-$1K Mac in H1 2026 to take on Chromebooks, budget PCs

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Bay Area Times
November 05, 2025

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Top stories today:

  1. Apple said to launch sub-$1K Mac in H1 2026
  2. AMD Q3 revenue +36% YoY to $9.2B, beating $8.7B estimate
  3. Anthropic said to project $70B in revenue by 2028
  4. Sequoia Capital elevates Alfred Lin, Pat Grady as steps back
  5. Bitcoin briefly dips below $100K for first time since Jun.

0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.

Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):

1. Apple said to launch sub-$1K Mac in H1 2026 to take on Chromebooks, budget PCs

  • Codenamed J700, the budget Mac is reportedly designed for students, businesses, and casual users.

  • Will target people primarily browsing the web, working on documents, or doing light media editing.

  • Expected to use an iPhone processor and a lower-end LCD panel, slightly smaller than the 13.6” MacBook Air.

  • Apple held ~9% of the global PC market in Q3, per IDC, ranking fourth after Lenovo, HP, and Dell.

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  • Cashmere-Cotton Polo – Luxuriously lightweight and refined, this polo shirt blends breathable cotton with the softness of cashmere, perfect for both relaxed and business-casual looks.

  • Silk-Cashmere Crew Neck – Finer than pure cashmere, this elevated knit is a transitional essential, equally elegant layered under tailoring or worn solo.

  • Suede Bomber Jacket – Handcrafted from Italian goatskin suede with cashmere detailing, this smart-casual jacket is the ultimate statement in enduring style.

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3. AMD Q3 revenue +36% YoY to $9.2B, beating $8.7B estimate, net income +61%

  • +22% in the data center revenue to $4.3B, vs. $4.14B estimated by analysts.

  • +73% in personal computer-related sales to $4B, vs. $2.6B estimated.

  • The AI business will generate “tens of billions” of dollars in annual revenue by 2027, AMD CEO Lisa Su said.

  • AMD expected Q4 revenue at $9.6B, below some projections of up to $9.9B.

  • -3% in AMD shares in after-hours trading following the announcement.

4. Anthropic said to project $70B in revenue by 2028, up from ~$5B in 2025

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