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Apple unveils new iMac and iPad with in-house M1 chip

Supply chain crunch holds back deliveries until late May

Apple's new iMac, powered by its in-house-designed silicon, starts at $1,299. (Photo courtesy of Apple)

PALO ALTO, U.S. -- Apple showed off a colorful new iMac desktop and a new iPad Pro, both powered by the company's in-house-designed M1 chip, at the company's first launch event of 2021 on Tuesday.

Livestreaming from headquarters in Cupertino, California, executives touted the speed of the M1 -- the first Apple silicon especially for the Mac -- which is based on technology from British chip design house Arm.

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