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Intel investing in the mobile market, researching possible moves

Intel has learned its previous mistakes in the mobile market, wants to invest in smartphones, tablets, and wearables

By Michael Hatamoto from Mar 21, 2015 @ 22:35 CDT

Intel is currently undergoing its largest push into the mobile market, learning from previous mistakes after missing the first major smartphone wave a few years ago. The company has endured dropping sales of PCs and laptops, as more consumers and business workers embrace mobile - so this is an important effort for the Silicon Valley giant.

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"They're determined not to miss the next big thing," said Mark Hung, analyst at Gartner. As such, Intel's Q1 revenue estimate lost almost $1 billion because of slowing PC sales, but merged its mobile and PC businesses into one computing business.

"It helps when your other businesses are performing well," said Andy Bryant, Intel board Chairman, in a statement to investors late last year. "When things are going well it gives you the time and the resolve to make the changes you need to make in other parks of your business."

NEWS SOURCES:Siliconvalley.com, Images.tweaktown.com


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