Apple could release new 24-inch iMac with M3 chip this year, report suggests

Apple is preparing to release an updated 24-inch iMac in the second half of 2023, according to a new report by Bloomberg’s Mark Gurman who suggests that the new machine will feature an all-new M3 processor.
According to Gurman, who shared the insight within his weekly Power On newsletter on Sunday, “Apple Inc.’s next iMac desktop is at an advanced stage of development called engineering validation testing, or EVT, and the company is conducting production tests of the machine.”
“The next iMac will continue to come in the same 24-inch screen size as the current model, which was announced in April 2021,” the report says. “The versions being tested also come in the same colors as the current iMac, a palette that includes blue, silver, pink and orange.”
The report lacks any mentioning of what will be new with the updated desktop, with the exception of an all-new M3 processor, although it is likely that changes will be relatively minor, considering Apple gave the iMac a dramatic redesign in 2021, featuring a much more compact and thin design compared to the previous models.
“While development of the new iMacs — codenamed J433 and J434 — has reached a late stage,” Gurman notes that Apple isn’t likely to send the machines into mass production for at least three months, with a release expected towards the second half of the year at the earliest.