Apple is reportedly preparing a low-cost MacBook designed to compete directly with Chromebooks and budget Windows laptops, a move that could reshape the entry-level notebook market. The device, which would use an iPhone-class A-series chip instead of Apple’s higher-end M-series silicon,

The 'MacBook Neo' just showed up in Apple's regulatory documents.

While no concrete details have been confirmed about the new laptop in the MacBook family, it is thought to run on an iPhone chip, as opposed to a stronger M-series chip.