12:53 PM EST, 11/04/2025 (MT Newswires) -- Apple ( AAPL ) is working on a low-cost Mac laptop aimed at students and casual users to compete with Google (GOOG, GOOGL) Chromebooks and cheaper Microsoft (MSFT) Windows laptops, Bloomberg reported Tuesday, citing people familiar with the matter.

The new device, code-named J700, is in testing and early production, with a launch planned in H1 next year, the news outlet reported.

Apple ( AAPL ) will reportedly use iPhone processors and a smaller LCD screen to keep the price below $1,000, Bloomberg said.

The laptop will have a screen slightly smaller than the 13.6-inch MacBook Air and offer better performance than older M1 models despite its mobile chip, the report added.

Apple ( AAPL ), Microsoft, and Google did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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