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There were some M-series chips with 8 gigs, iirc. There was a whole debate going on about that on the net when they were released. Not the M5 though, as it seems.
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I think the M2 was the last one they made with 8 gigs of memory.
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It's M3.
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If so, it's a binned version with fewer working cores.
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This suggests someone may be able to install MacOS on an iPhone with some modification.
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It's not the first Mac that has an iPhone/iPad chip. https://en.wikipedia.org/wiki/Developer_Transition_Kit

And yes, absolutely. All you need is a bootchain exploit. However unlike in the old jailbreaking days when people found and publicized them for fun, these days they are worth millions. Apple will pay you $500k for sandbox escape into the kernel. If you nail the bootchain, it'll be in the millions. From Apple. And god knows how much such a thing would go for in the black market.

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