SAN FRANCISCO, Beijing time April 3 Bloomberg news, Stifel analyst Kevin Cassidy said in a research report, after the news about Apple's alleged plans to start using the home processor on the Mac as early as 2020, Intel The stock price dropped and the market was overreacting, because no other computer maker may consider a similar move.
Cassidy said that it is estimated that in 2017, Apple's business accounted for about 4% of Intel's total revenue, and its profit was less than 1%. Cassidy believes that Apple wants to distinguish its platform from Hewlett-Packard, Dell, and Lenovo. There may be plans behind it. Loss of market share factors, but in the process of Apple's transition, the backwardness of application compatibility may be a challenge. Based on Intel's plans to transition to a 'data-centric company', reiterate BUY rating and US$53 target price. Intel fell 9.2% on Monday; fell 6.1%, while the Philadelphia Semiconductor Index fell 3.9%.