Start by washing, coring, and slicing 4-5 medium apples into wedges. Soak in a mixture of lemon juice and water for about 5 minutes to prevent browning.

In a mixing bowl, beat 8 ounces of softened cream cheese with an electric mixer until smooth and creamy, about 2 minutes.

Gradually add in ½ cup of powdered sugar, mixing until fully incorporated, about 1-2 minutes. Adjust sweetness to preference.

Stir in 1 teaspoon of vanilla extract until evenly combined.

Fold in ½ cup of caramel sauce until fully combined and smooth, reserving some caramel for drizzling later.

Consider refrigerating the dip for about 30 minutes to achieve a thicker consistency.

Transfer the dip into a serving bowl. Drizzle reserved caramel sauce over the top and add toppings if desired. Arrange apple slices around the bowl.