Beat the cream cheese in a stand mixer or large mixing bowl, until smooth. Add the cream and mix well until stiff peaks form, about 3 minutes.
Mix in cinnamon, vanilla, sugar and caramel sauce until combined.
Serve with apple slices. Refrigerate leftovers.
Video
Notes
To make ahead: this dip stays fresh for 5-7 days in the refrigerator so it's definitely a great one to make ahead of time. I like to let it thaw for a few minutes on the counter before dipping. Cut the apples fresh for serving or toss them in a little lemon juice to prevent browning.