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" ... No new form factors- You’re probably wondering why I listed this as a “good” and an “ugly”. Well, whether it’s a “good” or “ugly” just depends how risk averse a consumer is. As we have seen with iPhone, a new form factor elicits excitement and is almost guaranteed to drive a super-cycle or near super-cycle. We also see this impact on iPad, especially hen there’s a major improvement in the form factor. To an extent we saw this when Apple added the touch bar. Net-net, I believe consumers who don’t fear the new M1 processor will be less liekly to buy the new Mac as the form factor didn’t change. ... "