Intel Corp (INTC)

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Of course it will work when measured over a longer timespan like 5-10 years.

I don't share your confidence.

Where was Atom in tablets and phones a couple years ago ?

Under-powered, under-spec'd chips with minimal market share of the combined tablet+phone market, exactly as it is today. The more things change...

Nowhere and now it is a significant player in tablets and an emerging player in phones when most said that x86 could not compete at that level.

They're a "significant player" in tablets but they had to lose a lot of money to make their chips usable by OEMs. Also, the tablet market really represents the absolute worst part of the mobile world. Much smaller unit volume than phones and much less stringent silicon requirements.

Think about a tablet. It doesn't need to have a cutting edge camera, it doesn't need to have cutting edge LTE (even Apple puts old LTE silicon into their iPads), and it doesn't need to have cutting edge performance (only Apple bothers to make targeted tablet silicon for tablets; everyone else just recycles 1-2 generation old phone chips).

And, to top it all off, the tablet market is now shrinking.

In phones Intel is basically nowhere, market share not even 1% most likely. Intel does not have leadership in ANY IP block that goes into a phone SoC (CPU, GPU, modem/DSP, ISP, media engines, etc.) today, and it's pretty telling that as the big mobile vendors show off next generation silicon (Kirin 950, Snapdragon 820, Exynos 8890, etc.), Intel has kept mum.

This is all a pretty clear indication that Intel's 2016 mobile products aren't going to be that good.

But like I said, Intel doesn't need mobile to be a good investment; DCG is an awesome business and PCs will probably stabilize.