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Apple kicked off its week of spring announcements with the iPhone 17e and iPad Air M4 yesterday, both of which are relatively modest upgrades. (Still, it’s nice to have MagSafe on the iPhone 17e.) This morning, Apple unveiled the MacBook Air M5 and MacBook Pro M5 Pro/Max systems, both of which are slightly more expensive than the previous models. We also got a new addition to Apple’s monitor lineup with the 5K MiniLED Studio Display XDR. Along with the MacBook Neo, we may also see an upgraded Mac Studio desktop announced tomorrow.
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At the same time, the company must directly confront the inherent shortcomings of the franchise model, the structural issues at the core of its profit model, and the potential risks in quality-control compliance. If it cannot convert capital advantages into tangible improvements in competitiveness, food-safety issues and earnings volatility will continue to weigh on its valuation and long-term growth.