Apple's New Chip, Video Game Price Hike: Technically Speaking

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Bloomberg Technology Editor Nate Lanxon explains these stories:

1. Apple kicked off its transition away from Intel chips, revealing the first Mac computers with a main processor designed in-house by the iPhone maker. The new MacBook Air, 13-inch MacBook Pro and Mac mini will now be equipped with its new Apple M1 processors.

2. Video game publishers will press ahead with an industry-wide effort to raise the standard price to $70. The move coincides with the debut of two new game consoles, Xbox Series X by Microsoft and PlayStation 5 by Sony. It is a generational change that comes every seven years or so.

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