Apple will host its ‘One More Thing’ event on Tuesday, at which the first Apple silicon macs are expected to be unveiled. In a new note to investors, JP Morgan analyst Samik Chatterjee became the latest to predict that the shift may result in lower-cost Macs.

“With the move to in-house capabilities, Apple is looking to regain control over the pace of the technology roadmap on the processor chips, and create a common architecture across all Apple products, making it easier for developers to write and optimize applications for the product ecosystem,” the analyst writes. For consumers, Chatterjee believes that a lower bill of materials cost with a new Apple Silicon chip could lead to Mac devices with a lower price point targeting a wider market. More specifically, the analyst contends that Apple could release an SKU with a price point between that of the MacBook Pro and the MacBook Air. The analyst estimates a standalone market opportunity of 10 to 15 million unit volume for the new Mac device, with a starting average selling price (ASP) of $1,000. That implies about a $15 billion opportunity for Apple, “which will assure multi-year growth in a lackluster PC market.”