Apple is in talks to buy Intel's smartphone-modem business in a deal valued at $1 billion, according to the Wall Street Journal. The two companies had reported discussed a deal earlier this year, but the talks broke down when Apple signed a deal with Qualcomm. Intel announced in April that it was getting out of the smartphone business. CEO Bob Swan said,"There was no clear path to profitability." Click here for more BI Prime stories.
Apple is in talks to buy Intel's smartphone-modem business in a deal valued at $1 billion, according to the Wall Street Journal. The two companies had reported discussed a deal earlier this year, but the talks broke down when Apple signed a deal with Qualcomm. Intel announced in April that it was getting out of the smartphone business. CEO Bob Swan said,"There was no clear path to profitability." Click here for more BI Prime stories.
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Apple in Advanced Talks to Buy Intel’s Smartphone-Modem Chip BusinessApple is in advanced talks to buy Intel’s smartphone-modem chip business, a move that would jump-start the iPhone maker’s push to take control of developing the critical components powering its devices. A waste of money....D U M B..... Great... the biggest monopoly becomes MORE of a monopoly. Can we break up these bell companies? Steve Jobs is gone and all apple is repackaging the iPhone 4s greatness. Let other talented new companies with new minds innovate in this horrible market. Great article...
Source: WSJ - 🏆 98. / 63 Read more »
Morgan Stanley on Apple: 'Attractive setup into earnings'Morgan Stanley maintained its overweight rating on Apple's stock and hiked its price target to $247 from $231, heading into the tech giant's third-quarter earnings on July 30. lmao permabulls LiveSquawk Nah, you know something is terribad when you see headlines like this.
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Apple close to buying Intel's modem business: reportApple Inc. could be within a week of agreeing to a deal to buy Intel Corp.'s modem-chip business, according to a Monday afternoon report. The Wall Street... Cough* You mean china i mean $AAPL yea they needed fresh blood for next layer down... :X
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