All Signs Point To Apple Inc. (AAPL) Using Own Chips

All Signs Point To Apple Inc. (AAPL) Using Own Chips

Intel shares were down more than 7.5 percent to $48.12 in late afternoon trading on the Nasdaq exchange in NY.

Intel closed Monday's regular trading session down 6.07% or $3.16 to $48.92. Following the completion of the sale, the insider now owns 13,739 shares of the company's stock, valued at $2,401,302.42. Intel also said that the company does not comment on rumors about its customers.

According to The Verge, the changeover is expected to begin with Apple's less power-intensive computers, such as the 12ins MacBook.

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.

The report adds that Apple is working with TSMC to develop the microLED panels, which make use of light-emitting compounds to provide a more efficient and slimmer, yet also brighter, displays than OLED panels.

The shares of the world's leading manufacturer of computer chips dipped a worrisome nine percent on Wednesday, April 3rd following a report by Bloomberg that Apple was ditching it in favor of simply making its own chips in the future. "It makes sense to assume that they will go further in this direction", said Shannon Cross, analyst at Cross Research.

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications.

The move is seen as a strategy to make all of Apple Macs, iPhones and iPads work more similarly and seamlessly together.

Apple creates its own chips through the ARM-based silicon, these have been used in Apple computers but normally only as back-up to Intel's main CPU. They expect $0.10 EPS, up 11.11% or $0.01 from last year's $0.09 per share.

Nearly certainly the new processors would be based on the ARM architecture which is used as the template for virtually every mobile phone processor including those used in the iPhone and iPad.

And it should be noted that Apple's development of its own chip is not a new phenomenon. This year's version of the iOS will likely be focused more on reliability and performance.

Apple's in-house chips would replace Intel's chips, thereby wiping out billions of dollars in revenue, Wall Street analysts found.

Apple's decision to switch away from Intel in PC's wouldn't have a major impact on the chipmaker's earnings because sales to the iPhone maker only constitute a small amount of its total, said Kevin Cassidy, an analyst at Stifel Nicolaus & Co.

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