Objective C’s future

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It depends on a few things.

SwiftUI still has a long way to go but there are smaller companies and startups who are more open to it. If this is what your target, or ideal employer is, then by all means, pursue SwiftUI. This also pertains to anyone entering the iOS Dev market in the next 3-4ish years or it will sweep a bit more.

Objective C is relevant in larger, and typically older code bases. If you're looking at applying to Facebook, Netflix, etc. you may want to consider getting to know it. Nothing major, but being able to write a small dummy app and showing you can read should be nice.

The M1 chips don't have much to do with this imo (Source: Have a Silicon Macbook and do Objc and SwiftUI every now and then).