Preheat oven to 350 degrees Fahrenheit and line a muffin pan with paper liners.

Combine cake mix, apple juice, vegetable oil, and eggs in a large bowl and mix until well blended.

Mix in the shredded apple and fill the prepared liners about 2/3 full.

Bake for about 20 minutes or until lightly browned and a toothpick inserted into the center of a cupcake comes out clean.

Set cupcakes to the side and allow to cool.

While the cupcakes are cooling, add caramels and milk to a medium sized saucepan. Melt the mixture over low heat until smooth, while stirring constantly.

Spread melted caramel over the cupcakes.

Sprinkle with chopped peanuts and insert a wooden stick into the center of each.