Apple on Tuesday announced a new Mac Studio desktop computer powered by a faster M1 ultra processor as well as new versions of the iPhone SE and iPad Air with faster processors and 5G support.

Why it matters: The moves, part of Apple's first product launch of the year, gives Mac buyers a new option and helps the iPhone be more competitive in the mid-range market.

Details: Here's what Apple has announced:

Of note: The iPhone SE appears to support several flavors of 5G, but not the fastest, short-range millimeter wave bandwidths. That helps keep down the cost, analysts say.

Yes, but: Despite billing the event as "Peek Performance" Apple did not provide a sneak peek at any further-out products.