Mac Studio may never get updated, because new Mac Pro is coming
A refresh of the Mac Studio with an M2 Ultra may not happen soon or at all, because of the Mac Pro.

Mac Studio
Apple's introduction of the M2 Pro and M2 Max in January, as well as a spec-bump upgrade to the Mac mini, may not necessarily be followed by similar updates to the Mac Studio. With Apple keen to bring out an Apple Silicon Mac Pro, it is reckoned the Mac Studio's refresh with an M2 Ultra chip may be delayed, or even stopped from being released.
The New Mac Pro with Apple Silicon is expected to launch in the spring, complete with the M2 Ultra chip. However, the prospect of two Macs using M2 Ultra may be a problem for Apple, as one could cannibalize the sales of the other.
According to Mark Gurman in his "Power On" newsletter for Bloomberg, the Mac Pro is similar in functionality to the Mac Studio, and therefore it "wouldn't make sense" for Apple to offer both an M2 Ultra Mac Studio and an M2 Ultra Mac Pro at the same time.
"It's more likely that Apple either never updates the Mac Studio or holds off until the M3 or M4 generation," Gurman writes. By then, Apple will have an opportunity to "better differentiate" the Mac Studio from the Mac Pro.
The Mac Pro was previously expected to have an "M2 Extreme" chip, which effectively combined two M2 Ultra chips into one piece of silicon, but it was culled in December over supposed production problems.
Read on AppleInsider

Mac Studio
Apple's introduction of the M2 Pro and M2 Max in January, as well as a spec-bump upgrade to the Mac mini, may not necessarily be followed by similar updates to the Mac Studio. With Apple keen to bring out an Apple Silicon Mac Pro, it is reckoned the Mac Studio's refresh with an M2 Ultra chip may be delayed, or even stopped from being released.
The New Mac Pro with Apple Silicon is expected to launch in the spring, complete with the M2 Ultra chip. However, the prospect of two Macs using M2 Ultra may be a problem for Apple, as one could cannibalize the sales of the other.
According to Mark Gurman in his "Power On" newsletter for Bloomberg, the Mac Pro is similar in functionality to the Mac Studio, and therefore it "wouldn't make sense" for Apple to offer both an M2 Ultra Mac Studio and an M2 Ultra Mac Pro at the same time.
"It's more likely that Apple either never updates the Mac Studio or holds off until the M3 or M4 generation," Gurman writes. By then, Apple will have an opportunity to "better differentiate" the Mac Studio from the Mac Pro.
The Mac Pro was previously expected to have an "M2 Extreme" chip, which effectively combined two M2 Ultra chips into one piece of silicon, but it was culled in December over supposed production problems.
Read on AppleInsider
Comments
I’m betting all for the M3, though I was concerned that Apple might give up the performance on Macs. I hope not.
Seems like an enormous, blundering waste of resources for Apple to have developed the Mac Studio, only to abandon it after a single generation. I think it makes more sense that Apple does something unexpected with both the Mac Pro and Mac Studio.
Mx & Mx Pro
Mac Studio
Mx Pro & Mx Max
Mac Pro
Mx Max & Mx Ultra
assuming the Mac Pro has all of the Studio functionality, and then some, the only reason to keep the Mac Studio is to fill in a price gap… unless the new Mac Pro has a (bare bones) starting price closer to $1999-$2499 (similar to MacBook Air and MacBook Pro price differential)
So despite all the hype about the M2 Pro Mac Mini, it still has some obvious shortcomings. And keep in mind that the M1 Ultra Mac Studio still bludgeons everything else that's currently available from Apple.
This is a bad take. Look for the Mac Pro to be extremely differentiated and extremely pricey.
Unless they cede the MacPro market that defines, it makes no sense to make the Mac Studio a one-and-done, because it isn’t remotely that expandable and can’t be made to be without making the squarish peg in the round hole mistake they made with the trashcan MacPro and stupidly over-constraining their most powerful system sold.
How big is the market for something more powerful than what is reasonably seen with the M2 Ultra for RAM? I submit Apple knows more of that than everyone else. Either they have run into problems trying to make a new Apple Silicon MacPro, or they’ve determined the market size for the MacPro isn’t large enough to justify the overhead, are both more reasonable expectations than Apple making the loved (my assessment, what are the numbers? Again, Apple knows) Mac Studio a one-and-done design, as it addresses a clear market point for price and functionality that wasn’t ever really served well by the MacPro.
Geekbench scores still put the Studio above the fastest Intel Mac Pro in single and multi-core benchmarks. Metal benchmark still gives the Ultra a score just under 100K with several faster AMD Radeon graphics cards, mainly used in the Mac Pro.