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Intel Corporation (NASDAQ:INTC) eliminating key barrier that’s keeping it from winning iPhone’s cellular modem business

February 24, 2017 By Carina Storrs

On Thursday Intel Corporation (NASDAQ:INTC) share price closed at $36.18. Company net profit margin stands at 17.40% whereas its return on equity (ROE) is 16.40%. Intel Corporation (NASDAQ:INTC) is -5.23% away from its 52 week high and its 52 week range is $27.52 – 38.18.

Intel Corporation (NASDAQ:INTC) is eliminating a key barrier that’s keeping it from winning all of the iPhone’s cellular modem business. This week, the chip giant announced a new LTE modem called the XMM 7560 which crucially supports CDMA technology, or code division multiple access, a cellular technology used in some LTE networks. It will be Intel’s fifth LTE modem and the first that theoretically supports download speeds of more than one gigabit per second on LTE networks. Now Intel is positioning itself to swallow up Qualcomm’s iPhone modem connection. Intel said it’s sampling the modem to customers in the first half of this year and will move into production soon after. Apple is expected to release its next major iPhone in September.

http://www.kcregister.com/intel-corporation-nasdaqintc-eliminating-key-barrier-thats-keeping-it-from-winning-iphones-cellular-modem-business/41310/