As we await the release of M2-powered Macs, Apple is reportedly pushing ahead with M3 chip development.

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Bloomberg’s Mark Gurman, who has a strong track record of reporting Apple leaks and rumors, wrote in his Power On newsletter that Apple is already working on an M3 iMac, an all-in-one desktop expected to launch “at the end of next year at the earliest.”

Gurman wrote earlier this month that Apple was prepping next-generation chips and testing at least nine Macs with four different versions of the M2 processor. He listed the MacBook Air, Mac mini, entry-level MacBook Pro, MacBook Pro 14, MacBook Pro 16, and Mac Pro as currently undergoing testing. Apple is also reportedly considering a Mac mini running on an M1 Pro chip.

Tech companies maintain long-term development plans, so Apple mapping out its M3 lineup years in advance comes as no surprise. What this could indicate is a goal to release a new line of M-series desktop processors each year, a launch cadence that could pressure Intel and AMD to keep pace.