Intel Shares Tank On News Of New Apple Processor

Apr 03, 2018, 04:24
Intel Shares Tank On News Of New Apple Processor

If one combines all these steps being taken by Cupertino, it'll present a picture of Apple's ecosystem becoming even more seamless and tightly-knitted. The business's quarterly revenue was up 4.1% on a year-over-year basis. sell-side analysts forecast that Intel will post 3.54 earnings per share for the current year. Wells Fargo boosted their target price on shares of Intel from $55.00 to $60.00 and gave the company an "outperform" rating in a report on Thursday.

Those delays might be holding back Apple's ability to design and introduce new, higher-performance Macs, and it's possible that Cupertino has had enough of waiting.

For Apple, the change would be a defining moment. Apple previously produced its own PC processors, in partnership with IBM and Motorola, but switched to Intel chips in 2006 after concluding that it could not compete with the advances in Intel's chips.

Back in 2017, there were rumors that Apple was developing custom Mac chip, but would not replace Intel. By using the same CPU architecture on all devices, it would make the development of this new platform much easier as they would not have to create emulators that run on Intel chips.

Apple and Intel have both declined to comment. The shift is expected to bring a closer integration between iOS and macOS, and the tech giant has already been bringing features across the two operating system gradually in recent years. Intel reported sales of $14.80 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.7%.

Apple's Macbook 12-inch on top of the MacBook Pro 13-inch.

Apple is no stranger to switching CPU instruction set architectures in its Macs when there's an advantage to be gained, and if a new report by Bloomberg is correct, the company could be on the verge of another such transition-this time, to ARM SoCs designed in-house. Intel shares dipped by more than nine percent at one point on Monday. Vetr lowered shares of Intel from a "strong-buy" rating to a "buy" rating and set a $48.80 price objective on the stock.in a research report on Tuesday, January 2nd. The move would be a big loss for Intel who gets about 5% of its revenue from Apple.

In 2005, Apple announced a move to Intel chips in its Macs, an initiative that put former Intel Chief Executive Officer Paul Ottelini on stage with Apple co-founder Steve Jobs.

But when you start thinking about the details, this transition would (will?) be very hard. However, the goal is straightforward: Apple wants to further blur the dividing lines between Mac, iPhone, and iPad. But the pace of advancement in computer chips has slowed, and many observers believe that contract manufacturers such as Taiwan Semiconductor Manufacturing Co. now produce chips that are competitive with Intel's.

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud.

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