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I'm running 20.2.2 (55879) on my M4 Pro Mac mini.Same problem here, Parallels 19.4.2 (54991) refuses to install ARM Windows 11 on M4 :-( Did anyone find a solution other than buying (yet) another licence?
I perhaps first posted this (https://forum.parallels.com/threads...r-with-parallels-20-on-macbook-pro-m4.366259/) in the wrong forum.
But I've installed Parallels 20.1.3 (55743) on my Macbook Pro v4 running Sequoia 15.2. I have it running Windows 11 Home (10.0.26100 Build 26100). However, when I connect an iPhone 13 Pro (running iOS 18.2) to the USB-C port and add it as an external device to Windows 11, the iPhone is recognized with a "Trust this Device" challenge. But then the Apple Mobile Device USB Composite Device always gives me a "This device cannot start. (Code 10)" error and my iPhone isn't recognized in the Windows file system, through iTunes, through Apple Devices, through Apple Music, etc.
I've reinstalled Parallels, Parallels Tools, Windows 11 Home, iTunes (both the Microsoft Store version and the downloadable 64-bit desktop version 12.13.4.4), Windows USB drivers, tried every different USB-C port, tried different USB-C cables to no avail.
My hunch is that there is some driver incompatibility between the Windows 11 Home Apple/iPhone USB drivers and Parallels on a MacBook Pro M4 ARM architecture. The impact being that I am unable to connect my iPhone at all to Parallels-hosted Windows, which is a major limitation for me.
Anyone else face similar challanges or have suggestions?

Btw, I noticed that with the recent Parallels updates, this same problem has returned on Parallels: the drivers for my iPhone on my M4 fail to load:
Processor Apple Silicon 3.20 GHz (4 processors)
Installed RAM 6.00 GB
System type 64-bit operating system, ARM-based processor
Edition Windows 11 Home
Version 24H2
Installed on 12/18/2024
OS build 26100.3624
Experience Windows Feature Experience Pack 1000.26100.66.0
View attachment 23423 View attachment 23424

Hi,Hi there!
Parallels deeply cares about the quality of our products and the experience they provide.
This thread has been created to share feedback on the work in Parallels Desktop on Mac computers with Apple M4 chips. Don't hesitate to share your experience!
My Mac Mini M1 chip with 8gb of ram struggles to run Windows 11 in Parallels 20. Considering upgrading to the M4 or M4pro. Will 16gb of unified memory solve the problem or should I go with 24gb?