01:21 PM EDT, 04/11/2024 (MT Newswires) -- (Updates with details, a request for comment in the third paragraph and stock movement in the fifth paragraphs.)

Apple ( AAPL ) is preparing to overhaul its entire Mac line with new group of in-house processors made to highlight artificial intelligence, Bloomberg reported Thursday, citing people with knowledge of the matter.

The company is close to producing the next-generation M4 processor, which will have at least three main varieties, the report said, citing the sources.

Apple ( AAPL ) didn't immediately respond to a request for comment from MT Newswires.

The company's shares were up 2% in recent trading.

(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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