IPhone maker Apple said on Tuesday it will hold a special event named "Scary Fast" on Oct. 30.

Media reports have said the company may release new Mac devices with a faster M3 chip.

The company will hold the event at 5 pm Pacific Time (8 pm EST), a departure from its usual morning events.

In June, Apple launched a larger MacBook Air with the new M2 chip at a price of $1,299, a year after the company upgraded the 13-inch MacBook Air with the same processor.

(Reporting by Akash Sriram in Bengaluru and Stephen Nellis in San Francisco; Editing by Krishna Chandra Eluri)