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The steeper decline is attributed to ongoing component shortages and disruptions in supply chains.
The inexpensive laptop marks a shift in the history of the Mac and could help Apple gain share in the lower end of the PC market.
Apple Silicon really is re-shaping the tech industry.
In an already busy week, and it's only Tuesday, the company rolled out an M5 MacBook Air, M5 Pro and M5 Max MacBook Pros and brand-new Studio Displays.
Higher prices for components like RAM chips are pushing up the overall costs of new computers.
The AI data center boom is squeezing PC and smartphone sales, with a decrease of more than 10% in the offing this year.
The company's efforts to help expand US manufacturing continue to move forward.
CPU and memory shortages, tariffs, and a focus on higher-end devices will make low-cost laptops offering decent performance nearly impossible to find.
The rise of AI tools and services has added a new twist to the decline and fall of standalone Windows PCs.
Enterprise users are still trying to figure out how to get the most from AI PCs, but specialized hardware and enabling software are starting to mesh.