In an article on Quartz, Jean Gassee said that Intel Corporation (NASDAQ:INTC) is showing pretty good numbers. In the recent quarter, the company reported 65% gross margins, which is huge for any tech company. Intel Corporation (NASDAQ:INTC) also made $14.6 billion in sales. But mobile is the problem for Intel. Gassee said that since Intel turned down the amazing opportunity to make processing chips for Apple devices, the company has not taken up the search for something that could imbibe investors. It is sticking to its core business, PC and data center. The source said that more than 92% the Intel Corporation (NASDAQ:INTC) $14.6 billion revenue comes from PC and data center.
The source thinks that the primary problem with Intel Corporation (NASDAQ:INTC) is the lack of focus, haphazard approach and claims before time in the mobile market. Intel Corporation (NASDAQ:INTC) mobile business is going in a huge loss. The company is getting a loss of around $1 billion per quarter since past four consecutive quarters. Tablet business is almost ended. Intel Corporation (NASDAQ:INTC) CEO was bragging about Intel Corporation (NASDAQ:INTC)’s success in tablet business but now, he has announced the subsidy cut off from Android tablets and merger of mobile and PC business.
Itanium, iAPX and other data center technologies were crafted by Intel Corporation (NASDAQ:INTC) to have some alternative for x-86, the company’s only stream of revenue. Intel Corporation (NASDAQ:INTC) is worried about that fact that all its eggs are in PC and data center basket.
The source said that Stever Jobs offered Intel Corporation (NASDAQ:INTC) an opportunity to make processor for iPhone but Intel Corporation (NASDAQ:INTC) turned it down. The company is now worried about its zero pace and growth in the mobile world.
As of June 30, 2014, Ken Fisher’s Fisher Asset Management owns over 18 million shares in Intel Corporation (NASDAQ:INTC).
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