Place popcorn in a large bowl; set aside. Place a sheet of waxed paper on work surface.
Heat caramels and cream in a small saucepan over medium-low heat. Stir frequently until caramels are melted and cream is blended into caramels.
Push a stick into an apple center and dip into caramel. Spoon caramel over apple to coat.
Place caramel-coated apple into bowl of popcorn and press popcorn onto caramel to cover. Place apple on waxed paper to set; repeat with remaining apples.
Place chocolate chips in a small, resealable plastic bag. Microwave 10 seconds and press chips to aid melting. Repeat, heating at 10-second intervals, until chips are completely melted. Cut a small corner off bag and squeeze chocolate onto each apple allowing chocolate to drip down sides. Sprinkle with sugar sprinkles.
Tie a bow to each apple stick, if desired. To serve, cut apple into slices.