Intel is confident its relationship with Apple remains strong
There's a rumor going around saying that Apple is looking long and hard at ARM's A-Series chipsets for use in future Mac releases. While it wouldn't be the end of the world for Intel to lose Apple as a client, especially coming fresh off its best year ever, Intel would certainly like to keep that relationship alive. And it probably will -- Intel CEO Brian Krzanich says the rumors of Apple switching to ARM are just that.
Intel, the world's largest semiconductor company, is planning to combine its mobile and tablet operations with its personal computers division as part of a reorganization process that will kick off next year. The plan was announced internally through an email sent to employees by Intel CEO Brian Krzanich. In it, Krzanich talks about a rapidly evolving market place and the need to "change even faster to stay ahead."
Lower cost Atom tablets part of Intel's turnaround strategy
Intel earlier this week announced its second quarter financial results, revealing that it raked in $12.8 billion in revenue, operating income of $2.7 billion, and net income of $2.0 billion, the latter of which is down 29 percent compared to the same quarter a year ago. Even with the decline, a $2 billion quarterly profit is hardly anything to sneeze at, and several companies would love to trade positions with the Santa Clara chip maker. However, investors can't be thrilled that Intel was slow to react to the mobile market.