My hot take: Apple is done with M2 macs and is now moving on to M3.
I think the Mac Studio, iMac, and Mac Pro are going to get updated every other generation (M1, M3, M5, etc - yes I know Mac Pro isn’t on M1 but you get my point). Let me explain my reasoning. Of course this is all speculation.
First, there are a lot of variables right now that make predictions hard. The pandemic, supply shortages, chip shortages, TSMC issues with 3nm, shipping delays all created a
big problem for Apple. As many have pointed out, it seems like the current round of M2 MBP and mini were originally supposed to come out in the fall based on a few clues and dates tied to videos and photos. We can also pretty safely assume due to Apples original 2-year transition roadmap which hasn’t happened, that things have not gone to plan. What we don’t know is Apples internal timeline.
However, when you look back at Apples release Candace during intel days, we know they were not constrained by these issues we see today. If you look at the iMac - it was consistently on a 2 year update cycle. Not because intel didn’t have chips readily available, but because Apple didn’t find the RnD worthy for a solid return of investment to update it every year. Meanwhile it’s laptops we’re getting yearly updates (and awhile back some may remember they even got multiple updates every year). This odd release cadence was the same with the Mac Pro, but that’s also an unusual story with the trash can fiasco. iMac Pro only ever got one iteration. Mac mini was notoriously forgotten for years. Point being their desktop macs we’re often not updated every intel generation while the MacBooks were.
All of this is to say, only their laptops and high-volume macs received annual updates with the latest chips.
With Apple Silicon, we know from the iPhone series that Apple believes RnD is worth designing a new chip every year. We also know the A-series and baseline M-series are very similar, using the exact same performance and efficiency cores, NPU and GPU cores and other co processors on chip. With a high volume of MacBook sales, of course it makes sense to update the Air and Pro lines every generation. They account for a massive percentage of sales.
We also know that chip design and fabrication costs money, and works better with a high volume of chips. From
this article we can see that the Mac Studio only accounts for 1% of all Mac sales: which means
the ultra chip accounts for a fraction of a percentage of all Mac sales. That’s a seriously low volume of chips.
As others pointed out, when discussing the Mac Studio, you
have to discuss the Max and Ultra chips in tandem because the machine truly was created for the Ultra chip. Apple could only update the max variant as the ultra is still the king, but would that be weird? Hard to say. If Apple does this, then sure I could see an update this year.
However, if Apple only wants to update the studio when it has a new Ultra chip, I think we are waiting until M3 Ultra as I don’t think M2 Ultra exists. It’s not worth the RnD it takes when it accounts for a small fraction of a percentage of Mac sales.
Now, if Apple uses the ultra chip in the Mac Pro and the Studio, now you have volume and it starts to make more business sense to create that variant. But I think Mac Pro is also coming with M3. We’re already hearing rumors about a new M3 Air coming out this year and TSMC has started production on 3nm chips. Since we can assume Apple was slow in their transition, this means eventually they need to catch-up. Either they skip (internally) a generation, or they ramp up their release cadence.
That’s why I think this year, they are done with M2. It was always going to be a stopgap generation. Nothing groundbreaking. Just marginal improvements for those who have yet to jump on the Apple Silicon train: and this is a good thing. We want continuous upgrades. M3 is going to be a bigger leap forward with 3nm tech. And this is going to propel Apple forward and help them catch up (or with intel, surpass) to the latest intel and Nvidia chips.