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Their performance claims are the very essence of vague, but Apple sure seems certain it will be great for software engineering. I'm curious. I won't be convinced until we get some real data, but signs seem to point that way. What makes you strongly suspect it won't be great?

    Build code in Xcode up to 2.8x faster.
    
    [...]

    Compile four times as much code on a single charge, thanks to the game-changing performance per watt of the M1 chip.
source: https://www.apple.com/newsroom/2020/11/introducing-the-next-...

I have a hunch it will be adequate for single-threaded tasks and the real gains will come for multithreaded compilation, since its superior thermals should enable it to run all cores at full blast for longer periods of time without throttling, relative to the intel silicon it replaces.



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