Apple (AAPL) Updates MacBook Pro with Retina Display

NEW YORK (TheStreet) -- Apple (AAPL) announced a refresh of its MacBook Pro with Retina Display line Tuesday with faster Intel (INTC) processors and a lower price tag for one 15-inch model.

Shares of Apple were falling -0.3% to $98.75.

The refreshed MacBook Pro with Retina Display now uses Intel's Haswell Core i5 and Core i7 processors. The base 13-inch models now 2.6GHz and 2.8GHz dual-core Core i5 CPUs, with the base 15-inch models using 2.2GHz Core i5 and 2.5GHz quad-core Core i7 CPUs. All 13-inch models of the line now come with 8GB of RAM installed, and the 15-inch models come standard with 16GB of RAM.

The top-of-the-line 15-inch MacBook Pro now starts at $2499, down from its previous starting price of $2599.

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TheStreet Ratings team rates APPLE INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate APPLE INC (AAPL) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

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