nsucurrent.com April 24, 2018

Intel shares dive on report Apple making own Mac chips

06 April 2018, 10:58 | Ricardo Garza

Adam Rowe @AdamRRowe

Adam Rowe		@AdamRRowe

Separate reports said that Apple is planning big changes for the MacBook line starting with 2020, when Intel chips should be replaced with Apple's own processors.

Both Intel and Apple are significant employers in Ireland, employing around 4,000 and 5,000 people, respectively. Well, it's not just Apple but other companies like Microsoft are also implementing something similar but they will most likely stick to just the software aspect.

The move would impact Intel, as the company now supplies the processors for Mac computers. The project, codenamed Kalamata, remains in its early stages but comes as a piece of a larger parcel in which Apple aims to make Macs, iPads, and iPhones work more similarly and seamlessly together.

The Cupertino company's A-series of processors now power iPhones, iPads, Apple Watches and TVs, with the latest chip, the A11, installed in the iPhone 8, 8 Plus and X. According to Bloomberg, Apple approximately accounts for five percent of Intel's annual revenue.

As reported by 9to5Mac, the Facebook-owned company joins Twitter, Amazon, eBay, Google (Maps) and Slack in shutting down their dedicated Apple Watch apps.

Unlike current OLED screens, the new screens will use different light-emitting compounds, which will make future gadgets, 'slimmer, brighter and less power-hungry.' At the moment, the iPhone X is Apple's first phone which uses an OLED display.

Intel has seen its key PC market decline, but it was able to achieve a new business with Apple by providing 4G chips for some iPhones.

By moving away from Intel chips will allow Apple to freely release new Mac models without having to wait on new Intel chips. An Apple with the capability to manufacturer processing chips for its own products can also start providing them to other companies. Blue Sky Asset Management LLC purchased a new position in shares of Apple during the second quarter worth $108,000. All 15 members of the group lost at least 2.6 per cent, with Intel down 6.1 per cent, its biggest rout since January 2016.

Stifel analyst Kevin Cassidy said in a note he believed the market was "over reacting" to the report on Apple's plans and that Intel's prospects remained good. A dip of such magnitude qualifies as the largest intraday dip for Intel since the last two years.

Other News

Trending Now

"One Is To One": Mamata Banerjee's Template For 2019 General Elections
Following her meeting with NCP and RJD leaders, Mamata said the "Lok Sabha elections of 2019 will certainly be interesting". She added that when political people meet then, of course, they will discuss politics, there is nothing to hide in that.

Sears, Delta Air Lines say customer payment information breached in cyberattack
Diversified Trust Co boosted its position in Delta Air Lines by 15.0% in the fourth quarter. (NYSE: DAL ) for 33,550 shs. Delta didn't provide numbers but characterized the number of affected users as a "small subset" of its customer base.

Chelsea locked in three-way transfer battle over Premier League star
Meanwhile, Manchester United who trails the league leaders Manchester City by 16 points will be hosting Swansea City on Saturday. Alderweireld has not played in the Premier League since October. "On Sunday, we have to get a win", the Spain global added.

Space station the size of a bus to fall from the sky
It is assumed that China is unable to control or communicate with the station, though Chinese officials have not confirmed that. There is uncertainty with any spacecraft reentry and most of that comes down to the density of the upper atmosphere.

Minnesota Woman Charged with Felony DUI in IL
She lied about her name, date of birthdate, Social Security number, and also lied about being pregnant, police said. Officers also observed an open bottle of Crown Royal liquor in the front passenger seat.

SpaceX successfully launches Falcon 9 carrying 10 communication satellites to space
The satellites are part of an ultimate 75-satellite array being positioned for Iridium's "next-generation" communications system. Musk said SpaceX will conduct helicopter drop tests with payload fairings in the coming weeks to improve recovery efforts.

CHP: Deadly SUV Crash Off Mendocino Cliff May Have Been Intentional
Investigators previously said they had no evidence that the crash near Mendocino, Calif., was a deliberate act. Greg Baarts of the CHP Northern Division, reports CBS News . "They transformed these kids' lives", he said.

US Paves Way to Hold More Pregnant Women in Immigration Jail
The Trump administration on Thursday officially ended a policy of releasing pregnant immigrant detainees from custody. Since at least 2011, ICE had implemented a policy that generally favored releasing pregnant women from detention.

Britains Prince Philip admitted to hospital for hip surgery
The Duke of Edinburgh has been admitted to hospital in central London for planned surgery on his hip, Buckingham Palace has said. The Duke of Edinburgh retired from public life last August, although he has appeared alongside the Queen at several events.

Hundreds gather for MLK march in Memphis
Reed said the efforts of Black Lives Matter today share more in common with the Black Power movement than King's end-of-life aims. He delivered this speech the night before he was assassinated. "On this cherished day, we honour the memory of Rev.