What concerns me is the continued deterioration of INTC. Now I've been watching it steadily fall apart. Some can be attributed to the eventual phase out of INTC procs by Apple. But that's 2 years out. So why all the drop Nick ?
REALLY ???
Intel Will Be Fine After Losing Mac Business -- Market Talk
1:30 pm ET June 23, 2020 (Dow Jones) Print
13:30 ET - Intel's loss of Apple Mac business will likely be a headwind to the tech company's client-computing group growth in the near to intermediate term, Instinet says, but as the "world leader" in microprocessors for data centers and PCs, Intel has "many avenues" for revenue and earnings growth in the future. Apple is only about 4% of Intel's total revenue, the firm says. "We estimate that Apple currently accounts for close to 10% of the platform products revenues in Intel's Client Computing Group," Instinet, a Intel bull, says. SunTrust, in a statement made before Apple's announcement it would move to in-sourced chips for Mac--which it says was widely speculated--says loss of the business seems baked into Intel shares even as "losing Apple risks 5% of INTC's sales and EPS." Intel ticks 0.2% higher to $60.20. (jonathan.vuocolo@wsj.com; @jonvuocolo)
(END) Dow Jones Newswires
June 23, 2020 13:30 ET (17:30 GMT)
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