Apple just announced the Mac studio. It’s a desktop system that looks like the Mac mini, but it’s very, very, very powerful on the inside. The device features both Apple’s M1 Max chipset and also the new and powerful M1 Ultra.

The chassis of the device is 3.7” tall. There are 4 Thunderbolt-4 ports as well as a 10Gb Ethernet port, two USB-A ports, an HDMI, and an audio jack on the rear end. It has Wi-Fi 6 and Bluetooth 5.0. The front includes two USB-C ports (10 Gbps on M1 Max systems, 40 Gbps/Thunderbolt 4 on M1 Ultra systems) and an SD card slot. The Mac Studio can support up to four Pro Display XDRs and a 4K TV, Apple says.

Apple says that this new device with the M1 Max will be 50% faster than a Mac Pro with a 16-core Xeon. This configuration has a 3.8x faster performance than that 27-inch iMac and is up to 90 percent faster than the 16-core Mac Pro. The M1 Ultra is a monstrous chip supporting up to 128GB of memory. It has a 20-core CPU with 16 high-performance cores and four efficiency cores, as well as a 64-core GPU and a 32-core neural engine. Apple says it’s “nearly” eight times faster than the M1, which powers the latest Mac Mini.

This device is compatible with Apple’s Studio Display, an external monitor that was also unveiled today. This display provides additional ports on its rear, including three USB-C ports and a Thunderbolt 4. Nano-texture glass is optional, as are various stands and mounting options. This Mac Studio with the M1 Max will start at $1,999, and the M1 Ultra models will start at $3,999.