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Apple doesn't seem to care much about legacy software given their recent history. They could revive their Rosetta binary translator.

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Intel is litigious when it comes to emulating x86.

The biggest issue is likely that they don't have performance headroom they could spend on the emulation though, x86-on-ARM would be way slower than Rosetta let alone m68k

Microsoft is doing exactly this:

https://www.extremetech.com/computing/249292-microsoft-decla...

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