A new subscription costs $79.99 per year while a license runs $99.99. Parallels Desktop 16.5 is available in a subscription and perpetual license version. This enables our users to enjoy the best Windows-on-Mac experience available,' said Parallels SVP Nick Dobrovolskiy. However, virtual machines are an exception and thus Parallels engineers implemented native virtualization support for the Mac with M1 chip. The transition has been smooth for most Mac applications, thanks to Rosetta technology. 'Apple's M1 chip is a significant breakthrough for Mac users.

Parallels says that 100,000 Mac users tested the previews. The release of Parallels Desktop 16.5 on Wednesday comes after a testing period in which the company released a pair of Technical Preview versions of the update. Instead, users will need to get the Windows 10 ARM Insider preview. While there are plenty of ARM-based Linux distributions, there currently isn't a retail ARM version of Windows. There is a caveat - users can only run a virtual machine with an ARM-based operating system.

The company says that many of its best features have been reengineered for the M1, including Coherence Mode, Shared Profiles, Touch Bar controls, and Mac keyboard layouts.

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