Apple introduces the 15-inch MacBook Air

With an expansive 15.3-inch Liquid Retina display, the performance of M2, up to 18 hours of battery life, and a six-speaker sound system, all in a thin and light, fanless design, the new MacBook Air is the world's best 15-inch laptop

Apple® today introduced the 15-inch MacBook Air®, the world's best 15-inch laptop. With an expansive 15.3-inch Liquid Retina® display, the incredible performance of M2, up to 18 hours of battery life, ¹ and a silent, fanless design, the new MacBook Air brings power and portability — all in the world's thinnest 15-inch laptop. With an all-new six-speaker sound system, the 15-inch MacBook Air delivers immersive Spatial Audio, along with a 1080p FaceTime HD® camera, MagSafe® charging, and the power and ease of macOS® Ventura for an unrivaled experience. Customers can order starting today, with availability beginning Tuesday, June 13. The 13-inch MacBook Air with M2 gets a new starting price of $1,099 — $100 less than before — to deliver even more value and choice to everyone, from upgraders to first-time Mac® customers.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230605005542/en/

Only possible with Apple silicon, the 15-inch MacBook Air is the world's best 15-inch laptop. (Photo: Business Wire)

"We're thrilled to introduce the first 15-inch MacBook Air. With its incredible performance and striking design, the new MacBook Air is the world's best 15-inch laptop. And it's only possible with Apple silicon," said John Ternus, Apple's senior vice president of Hardware Engineering. "From its expansive Liquid Retina display and remarkably thin and fanless design, to extraordinary battery life and an immersive six-speaker sound system, the new MacBook Air has it all."

Brilliant 15.3-inch Liquid Retina Display

The new MacBook Air features a spacious, high-resolution 15.3-inch Liquid Retina display, so users can see even more content. With up to 500 nits of brightness and support for 1 billion colors, the brilliant Liquid Retina display makes content look remarkably rich and vibrant, and text razor sharp. It is also twice the resolution and 25 percent brighter than a comparable PC laptop. ²

World's Thinnest 15-inch Laptop

The new MacBook Air measures only 11.5mm thin, making it the world's thinnest 15-inch laptop. It weighs just 3.3 pounds, so it's incredibly portable. Even with its expansive display, the new MacBook Air is solid and durable. And it is also nearly 40 percent thinner and half a pound lighter than a comparable PC laptop. ²

MacBook Air also features MagSafe charging, two Thunderbolt ports for connecting accessories and up to a 6K external display, along with a 3.5mm headphone jack for versatile connectivity. It comes in four gorgeous finishes — midnight, starlight, space gray, and silver.

Blazing Performance and Tremendous Battery Life with M2

With the M2 chip, the 15-inch MacBook Air has incredible performance. It's up to 12x faster than the fastest Intel-based MacBook Air. ³ When compared to the best-selling 15-inch PC laptop with a Core i7 processor, the new MacBook Air is up to twice as fast. ⁴ It also delivers extraordinary battery life, with up to 18 hours — 50 percent more than on the PC — even with a better display and better performance. ⁵ The 15-inch MacBook Air features a powerful 8-core CPU with four performance cores and four efficiency cores, a 10-core GPU for blazing-fast graphics, and a 16-core Neural Engine. M2 also delivers 100GB/s of memory bandwidth and supports up to 24GB of fast unified memory, so multitasking and working with complex workloads is superfluid. The performance of M2 lets users work, play, or create just about anything — anywhere.

1080p FaceTime HD Camera and Six-Speaker Sound System

The 1080p FaceTime HD camera on MacBook Air is perfect for FaceTime calls and video conferencing. Combined with the processing power of the advanced image signal processor on M2, users will look great on video calls. A three-mic array captures clean audio using advanced beamforming algorithms, so users come through loud and clear on video calls.

The design of the new 15-inch MacBook Air also features a phenomenal new six-speaker sound system with two tweeters and two sets of force-cancelling woofers. The new speakers deliver twice the bass depth for fuller sound, and Spatial Audio with support for Dolby Atmos provides immersive experiences whether listening to music or watching movies.

Powerful Productivity with macOS

macOS Ventura takes the Mac experience to a whole new level that helps users achieve even more. Messages and Mail are better than ever, while Safari® — the world's fastest browser on Mac — ushers in a passwordless future with passkeys. Continuity Camera brings video conferencing features to any Mac, including Desk View, Center Stage™, and Studio Light. Stage Manager™ automatically organizes apps and windows, so users can concentrate on the task at hand and still see everything in a single glance. With iCloud® Shared Photo Library, users can create and share a separate photo library among up to six family members, and the Freeform™ app provides a flexible canvas that enables users to be even more productive and expressive. Users can work effortlessly across Mac and iPhone® with Continuity features like Handoff®, AirDrop®, Universal Clipboard, and Messages.

macOS Sonoma, coming this fall, makes the Mac experience more delightful and productive than ever, including new ways to personalize with widgets and stunning screen savers, an optimized gaming experience with Game Mode, powerful video conferencing capabilities, a big update to Safari, and more.

Better for the Environment

The new MacBook Air is designed with the environment in mind, now using 100 percent recycled gold plating and tin soldering in multiple printed circuit boards, and 100 percent recycled rare earth elements in all magnets. MacBook Air also features 100 percent recycled cobalt in the MagSafe connector and 90 percent recycled steel in the battery tray. MacBook Air meets Apple's high standards for energy efficiency, and is free of mercury, PVC, and beryllium. Over 99 percent of the packaging is fiber based, bringing Apple closer to its goal of completely removing plastic from its packaging by 2025.

Today, Apple is carbon neutral for global corporate operations, and is focused on its Apple 2030 goal to make every product carbon neutral. This means every Mac Apple creates, from design to manufacturing to customer use, will have net-zero climate impact.

Pricing and Availability

The 15-inch MacBook Air with M2 is available to order today on apple.com/store and in the Apple Store® app. It will begin arriving to customers, and in Apple Store locations and Apple Authorized Resellers, beginning Tuesday, June 13.
The 15-inch MacBook Air with M2, available in midnight, starlight, silver, and space gray, starts at $1,299 (U.S.) and $1,199 (U.S.) for education.
The 13-inch MacBook Air with M2, available in midnight, starlight, silver, and space gray, now starts at $1,099 (U.S.) and $999 (U.S.) for education.
The 13-inch MacBook Air with M1, available in gold, silver, and space gray, remains in the lineup, starting at $999 (U.S.) and $899 (U.S.) for education.
Additional technical specifications and details on Apple accessories — including the new 70W USB-C Power Adapter for $59 (U.S.) — are available at apple.com/shop/buy-mac .
With Apple Trade In, customers can trade in their current computer and get credit toward a new Mac. Customers can visit apple.com/shop/trade-in to see what their device is worth.
Every customer who buys a Mac from Apple can enjoy a free Online Personal Session with an Apple Specialist, get their product set up — including help with data transfer — in select stores, and receive guidance on how to make their new Mac work the way they want.
AppleCare+® for Mac provides expert technical support and additional hardware coverage from Apple, including unlimited incidents of accidental damage protection, each subject to a service fee.

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple's five software platforms — iOS, iPadOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple's more than 100,000 employees are dedicated to making the best products on earth, and to leaving the world better than we found it.

¹ Battery life depends on device settings, usage, and other factors. Actual results may vary.
² Best-selling 15-inch Intel Core i7 PC laptop is based on publicly available sales data over the prior 12 months.
³ Results are compared to previous-generation 1.2GHz quad-core Intel Core i7-based MacBook Air systems with Intel Iris Plus Graphics, 16GB of RAM, and a 2TB SSD.
⁴ Testing was conducted by Apple in April and May 2023 using preproduction 15-inch MacBook Air systems with Apple M2, an 8-core CPU, 10-core GPU, 8GB of RAM, and a 256GB SSD, as well as Intel Core i7-based PC systems with Intel Iris Xe Graphics, 16GB of RAM, a 512GB SSD, and the latest version of Windows 11 available at the time of testing. Best-selling 15-inch Intel Core i7 PC laptop is based on publicly available sales data over the prior 12 months. Adobe Photoshop 24.3.0 tested using the following filters and functions: select sky, oil paint, adaptive wide angle, picture frame, and tree. Open source project built on macOS with Xcode® 14.3 with Apple Clang 14.0.3; open source project built on Windows with Clang 14.0.6. Premiere Pro 23.3.0 tested using a 55-second clip with 4K Apple ProRes® RAW media, at 4096x2160 resolution and 59.94 frames per second, transcoded to Apple ProRes 422 at 29.97 frames per second. Performance tests are conducted using specific computer systems and reflect the approximate performance of MacBook Air.
⁵ Testing conducted by Apple in April and May 2023 using preproduction 15-inch MacBook Air systems with Apple M2, an 8-core CPU, 10-core GPU, 8GB of RAM, and a 256GB SSD, as well as production Intel Core i7-based PC systems with Intel Iris Xe Graphics, 16GB of RAM, a 512GB SSD, and the latest version of Windows 11 available at the time of testing. Best-selling 15-inch Intel Core i7 PC laptop is based on publicly available sales data over the prior 12 months. The Apple TV® app was used for video playback on macOS, and the Movies & TV app was used for video playback on Windows. All devices were tested with equivalent display brightness settings and without network connection. Battery life varies by use and configuration. See apple.com/batteries for more information.

NOTE TO EDITORS: For additional information visit Apple Newsroom ( www.apple.com/newsroom ), or email Apple's Media Helpline at media.help@apple.com .

© 2023 Apple Inc. All rights reserved. Apple, the Apple logo, MacBook Air, Liquid Retina, FaceTime HD, MagSafe, macOS, Mac, Safari, Center Stage, Stage Manager, iCloud, Freeform, iPhone, Handoff, AirDrop, Apple Store, AppleCare+, Xcode, ProRes, and Apple TV are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230605005542/en/

Michelle Del Rio
Apple
mr_delrio@apple.com

Starlayne Meza
Apple
starlayne@apple.com

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Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (In millions, except number of shares, which are reflected in thousands, and per-share amounts)

	Three Months Ended					Nine Months Ended
	June 29, 2024		July 1, 2023			June 29, 2024		July 1, 2023
Net sales:
Products	$	61,564	$	60,584		$	224,908	$	230,901
Services		24,213		21,213			71,197		62,886
Total net sales ⁽¹⁾		85,777		81,797			296,105		293,787
Cost of sales:
Products		39,803		39,136			140,667		146,696
Services		6,296		6,248			18,634		18,370
Total cost of sales		46,099		45,384			159,301		165,066
Gross margin		39,678		36,413			136,804		128,721

Operating expenses:
Research and development		8,006		7,442			23,605		22,608
Selling, general and administrative		6,320		5,973			19,574		18,781
Total operating expenses		14,326		13,415			43,179		41,389

Operating income		25,352		22,998			93,625		87,332
Other income/(expense), net		142		(265	)		250		(594	)
Income before provision for income taxes		25,494		22,733			93,875		86,738
Provision for income taxes		4,046		2,852			14,875		12,699
Net income	$	21,448	$	19,881		$	79,000	$	74,039

Earnings per share:
Basic	$	1.40	$	1.27		$	5.13	$	4.69
Diluted	$	1.40	$	1.26		$	5.11	$	4.67
Shares used in computing earnings per share:
Basic		15,287,521		15,697,614			15,401,047		15,792,497
Diluted		15,348,175		15,775,021			15,463,175		15,859,263

⁽¹⁾ Net sales by reportable segment:
Americas	$	37,678	$	35,383		$	125,381	$	122,445
Europe		21,884		20,205			76,404		71,831
Greater China		14,728		15,758			51,919		57,475
Japan		5,097		4,821			19,126		18,752
Rest of Asia Pacific		6,390		5,630			23,275		23,284
Total net sales	$	85,777	$	81,797		$	296,105	$	293,787

⁽¹⁾ Net sales by category:
iPhone	$	39,296	$	39,669		$	154,961	$	156,778
Mac		7,009		6,840			22,240		21,743
iPad		7,162		5,791			19,744		21,857
Wearables, Home and Accessories		8,097		8,284			27,963		30,523
Services		24,213		21,213			71,197		62,886
Total net sales	$	85,777	$	81,797		$	296,105	$	293,787

Apple Inc. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In millions, except number of shares, which are reflected in thousands, and par value)

	June 29, 2024			September 30, 2023
ASSETS:
Current assets:
Cash and cash equivalents	$	25,565		$	29,965
Marketable securities		36,236			31,590
Accounts receivable, net		22,795			29,508
Vendor non-trade receivables		20,377			31,477
Inventories		6,165			6,331
Other current assets		14,297			14,695
Total current assets		125,435			143,566

Non-current assets:
Marketable securities		91,240			100,544
Property, plant and equipment, net		44,502			43,715
Other non-current assets		70,435			64,758
Total non-current assets		206,177			209,017
Total assets	$	331,612		$	352,583

LIABILITIES AND SHAREHOLDERS' EQUITY:
Current liabilities:
Accounts payable	$	47,574		$	62,611
Other current liabilities		60,889			58,829
Deferred revenue		8,053			8,061
Commercial paper		2,994			5,985
Term debt		12,114			9,822
Total current liabilities		131,624			145,308

Non-current liabilities:
Term debt		86,196			95,281
Other non-current liabilities		47,084			49,848
Total non-current liabilities		133,280			145,129
Total liabilities		264,904			290,437

Commitments and contingencies

Shareholders' equity:
Common stock and additional paid-in capital, $0.00001 par value: 50,400,000 shares authorized; 15,222,259 and 15,550,061 shares issued and outstanding, respectively		79,850			73,812
Accumulated deficit		(4,726	)		(214	)
Accumulated other comprehensive loss		(8,416	)		(11,452	)
Total shareholders' equity		66,708			62,146
Total liabilities and shareholders' equity	$	331,612		$	352,583

Apple Inc. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In millions)

	Nine Months Ended
	June 29, 2024			July 1, 2023
Cash, cash equivalents and restricted cash, beginning balances	$	30,737		$	24,977

Operating activities:
Net income		79,000			74,039
Adjustments to reconcile net income to cash generated by operating activities:
Depreciation and amortization		8,534			8,866
Share-based compensation expense		8,830			8,208
Other		(1,964	)		(1,651	)
Changes in operating assets and liabilities:
Accounts receivable, net		6,697			7,609
Vendor non-trade receivables		11,100			13,111
Inventories		41			(2,570	)
Other current and non-current assets		(5,626	)		(4,863	)
Accounts payable		(15,171	)		(16,790	)
Other current and non-current liabilities		2			2,986
Cash generated by operating activities		91,443			88,945

Investing activities:
Purchases of marketable securities		(38,074	)		(20,956	)
Proceeds from maturities of marketable securities		39,838			27,857
Proceeds from sales of marketable securities		7,382			3,959
Payments for acquisition of property, plant and equipment		(6,539	)		(8,796	)
Other		(1,117	)		(753	)
Cash generated by investing activities		1,490			1,311

Financing activities:
Payments for taxes related to net share settlement of equity awards		(5,163	)		(5,119	)
Payments for dividends and dividend equivalents		(11,430	)		(11,267	)
Repurchases of common stock		(69,866	)		(56,547	)
Proceeds from issuance of term debt, net		—			5,228
Repayments of term debt		(7,400	)		(11,151	)
Repayments of commercial paper, net		(2,985	)		(5,971	)
Other		(191	)		(508	)
Cash used in financing activities		(97,035	)		(85,335	)

Increase/(Decrease) in cash, cash equivalents and restricted cash		(4,102	)		4,921
Cash, cash equivalents and restricted cash, ending balances	$	26,635		$	29,898

Supplemental cash flow disclosure:
Cash paid for income taxes, net	$	19,230		$	7,020

Apple introduces the 15-inch MacBook Air

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