Today: 13 May 2026
Apple rolls out $599 MacBook Neo to chase Chromebook buyers as memory costs climb
4 March 2026
2 mins read

Apple rolls out $599 MacBook Neo to chase Chromebook buyers as memory costs climb

New York, March 4, 2026, 16:49 (EST)

Apple Inc introduced the MacBook Neo on Wednesday, rolling out a new laptop at $599—its cheapest MacBook yet. Deliveries kick off March 11. The company is offering the device to students and education customers at a $499 price point.

The Neo features Apple’s A18 Pro chip—first seen in the iPhone 16 Pro back in 2024—and ships with 8GB of unified memory, the all-in-one RAM standard for Apple silicon. By slotting into a price segment long ruled by Google Chromebooks and basic Windows laptops, Apple is stepping directly into a market where Microsoft’s own Arm-powered devices, built on smartphone-class chips, still haven’t delivered a sales breakout. The Neo is priced below Apple’s $699 MacBook Air designed for Walmart, and it’s a far cry from the $1,099 non-Air MacBook that disappeared after 2006. “Balancing cost, performance and brand positioning is the test,” IDC’s Francisco Jeronimo said. Reuters

DRAM and NAND flash—key players in device memory and storage—have jumped as inventories shrink and manufacturers double down on AI-focused output. Apple rolled out updated MacBook Air and Pro lines this week, swapping in M5 chips and bumping up base storage. Starting prices barely budged, a familiar tactic Apple has leaned on to keep that headline sticker unchanged.

The Verge reports the Neo comes with a 13-inch, 2408-by-1506 display, 256GB or 512GB of storage, two USB-C ports, plus a headphone jack. Memory is fixed at 8GB—no upgrade path there. Only the 512GB version gets Touch ID for fingerprint login. Missing from the spec sheet: Thunderbolt support and MagSafe charging.

Apple’s hardware boss John Ternus described the Neo as “a laptop only Apple could create,” stressing that the device was designed to cut costs but still deliver the signature Mac experience. The company says the fanless machine tips the scales at 2.7 pounds, offers four colour options, and ships with macOS Tahoe plus Apple Intelligence, the built-in AI suite. Apple

Apple is turning to price moves in its smartphone lineup, rolling out the iPhone 17e at $599 with 256GB of storage, as higher memory-chip prices bite. The device features the A19 chip, a fresh C1X modem, plus MagSafe charging—making its first appearance in the “e” series. Reuters

Kaiann Drance, who heads up worldwide iPhone product marketing at Apple, described the 17e as “a compelling option” for those moving up to the iPhone 17 line. The company said it plans to begin taking preorders on March 4, with the phone hitting shelves March 11 across more than 70 countries and regions. Apple

Wedbush maintained its “outperform” call on Apple after the product blitz, sticking with a $350 price target. Nearly 50% of Mac buyers are new to Apple’s ecosystem, the firm noted, suggesting the expanded line-up may push Mac revenue forecasts higher. Proactiveinvestors UK

Apple shares slipped roughly 0.5% to $262.52 in U.S. trading.

Even so, Apple is moving into a laptop segment where shoppers scrutinize specs and profit margins are already squeezed. Should memory supplies get tighter, the Neo’s 8GB cap and trimmed ports might feel less strategic, more like a concession.

Apple is trying its luck with a lower-cost Mac, hoping it will lure students and newcomers—then keep them hooked on its ecosystem. But for the numbers to stack up, the new price can’t undercut the rest of the Mac range.

Stock Market Today

  • SoFi Acquires PrimaryBid IPO Tool Amid Mixed Market Reactions
    May 13, 2026, 4:30 PM EDT. SoFi Technologies acquired PrimaryBid's IPO allocation technology to boost its presence in capital markets for retail investors. Despite this strategic move, shares fell 2.9% to $15.44 after Truist cut the price target from $20 to $17, citing concerns in both loan and technology segments. The acquisition ends PrimaryBid's run as an independent fintech and marks SoFi's deeper push into IPO access, where competitors like Robinhood also operate. SoFi posted strong Q1 results with a 43% revenue jump to $1.10 billion and increased members by 35%, yet a 16% fall in technology platform accounts and cautious Q2 revenue guidance suggest challenges ahead. Investors remain wary amid persistent rate pressures impacting consumer lenders.

Latest articles

Apple Gives Alphabet a Rare Ally in Europe’s AI-Android Fight

Apple Gives Alphabet a Rare Ally in Europe’s AI-Android Fight

13 May 2026
Apple warned EU regulators that proposed Digital Markets Act rules forcing Android to open key features to rival AI services could endanger privacy and security. The intervention came on the last day of a European Commission consultation, with a decision expected by July 27. Alphabet’s shares rose 4% to $402.98 after strong Q1 results and news of a planned yen bond sale to fund AI infrastructure.
Applied Optoelectronics Stock Surges Again as AI Data-Center Demand Outruns Supply

Applied Optoelectronics Stock Surges Again as AI Data-Center Demand Outruns Supply

13 May 2026
Applied Optoelectronics shares surged 21% Wednesday, trading at $227.05 after strong demand from AI data centers pushed first-quarter data-center revenue to $81.4 million, up from $32 million a year ago. CFO Stefan Murry said supply remains the main constraint, with demand expected to outpace output through mid-2027. AOI shipped its first volume 800G products to a hyperscale customer. The company posted a first-quarter net loss of $14.3 million.
Dow Jones Today: Why the Dow Slipped While AI Stocks Drove Wall Street Higher

Dow Jones Today: Why the Dow Slipped While AI Stocks Drove Wall Street Higher

13 May 2026
The Dow Jones Industrial Average fell 90.72 points to 49,669.84 on Wednesday, while the S&P 500 and Nasdaq rose, lifted by gains in chip and AI stocks. Producer prices jumped 1.4% in April, the largest monthly increase since March 2022. The Senate confirmed Kevin Warsh as Federal Reserve chair in a 54-45 vote. Prediction markets showed a 97% chance the Fed holds rates steady in June.

Popular

Intuitive Machines Stock Jumps Before Earnings as Space Force Win Reframes the LUNR Debate

Intuitive Machines Stock Jumps Before Earnings as Space Force Win Reframes the LUNR Debate

13 May 2026
Intuitive Machines shares jumped 8.35% to $34.77 in premarket trading after the company announced selection for the U.S. Space Force’s Andromeda contract, which has a raised ceiling of over $6.2 billion. The move pushed LUNR above its 52-week high ahead of Thursday’s earnings. The Andromeda contract allows Intuitive Machines to compete for future task orders in space domain awareness.
Palantir stock price jumps as Pentagon’s Anthropic ban hits Maven — what’s next for PLTR
Previous Story

Palantir stock price jumps as Pentagon’s Anthropic ban hits Maven — what’s next for PLTR

Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz
Next Story

Stock Market Today 05.03.2026

Go toTop