New Delhi, March 5 -- Apple has launched its most affordable laptop as memory costs surge and competitors raise prices.

The tech giant introduced its latest device on Wednesday as the week of product announcements continues. The MacBook Neo, the company's new laptop, is offered in four colors, including silver, a light pink, yellow, and blue.

The most notable part of this launch is the price. The MacBook Neo comes with Apple's A18 Pro chip and starts at $599. That's significantly less than the $1,099 starting price for the new MacBook Air with the M5 chip, the $2,199 starting price of the MacBook Pro with the M5 Pro chip, and the $3,599 starting price of the MacBook Pro with the M5 Max.

That's also cheaper than the iPhone 17, which sta...