diff --git a/CONTRIBUTING.md b/CONTRIBUTING.md
index 7bac2f3a..bdfe1b58 100644
--- a/CONTRIBUTING.md
+++ b/CONTRIBUTING.md
@@ -17,6 +17,8 @@ ideal report includes:
 
 ## Setting up your environment
 
+**`Users of ARM-based Apple machines, please refer to the note at the end!`**
+
 First, clone the repo, then `cd` into the repo.
 
 ```bash
@@ -79,6 +81,16 @@ $ pre-commit install
 
 :tada: Now you're ready to create a new branch, add a feature or fix a bug, then send us a pull request! :tada:
 
+### Note about Apple ARM-based chips
+
+To run the SDK on an Apple ARM chip, upgrade your Python version to 3.8 or higher and use the latest version of pip. This works for the SDK version 0.41.0 or higher.
+
+The set up is almost identical as above except one command; to create a virtual environment for Python 3.8 you should run:
+
+```bash
+$ python3.8 -m venv venv
+```
+
 ## Contributing Code
 
 ### Releasing a new package
diff --git a/README.md b/README.md
index 86d68de1..3dce5cef 100644
--- a/README.md
+++ b/README.md
@@ -51,6 +51,8 @@ $ pip install vortexasdk
 The SDK requires Python version 3.7 or above, see
 [Setup FAQ](https://vortechsa.github.io/python-sdk/faq_setup/) for more details.
 
+To install the SDK on an Apple ARM-based machine, use Python version to 3.8 or higher and use the latest version of pip. This is supported in the SDK versions 0.41.0 or higher.
+
 ##### Authentication
 
 Set your `VORTEXA_API_KEY` environment variable, that's all. Alternatively, the
diff --git a/setup.py b/setup.py
index e439d2ba..c41de67d 100644
--- a/setup.py
+++ b/setup.py
@@ -27,12 +27,12 @@
     install_requires=[
         "flatten-dict==0.4.2",
         "jupyter==1.0.0",
-        "matplotlib==3.3.4",
+        "matplotlib==3.5.3",
         "pandas>=0.25.2",
         "requests==2.28.1",
-        "statsmodels==0.12.2",
-        "tqdm==4.38.0",
-        "pydantic==1.9.2",
+        "statsmodels==0.13.2",
+        "tqdm==4.64.1",
+        "pydantic==1.10.2",
     ],
     extras_require={
         "tests": [
@@ -54,6 +54,6 @@
             "types-python-dateutil==2.8.19",
             "types-six==1.16.19"
         ],
-        "deploy": ["wheel==0.36.2", "twine==3.3.0"],
+        "deploy": ["wheel==0.37.1", "twine==4.0.1"],
     },
 )
diff --git a/vortexasdk/version.py b/vortexasdk/version.py
index 01b570aa..22ffde20 100644
--- a/vortexasdk/version.py
+++ b/vortexasdk/version.py
@@ -1 +1 @@
-__version__ = "0.40.1"
+__version__ = "0.41.0"