Monday September 23, 2019
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Apple-Qualcomm Settlement Made Intel Exit 5G Race: Report

The company expects full-year revenue of $69 billion, down from the January guidance

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Apple, smartphone
Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York, Aug. 1, 2018. VOA

Chip making giant Intel has confirmed the “surprise” settlement between Qualcomm and Apple pushed it to exit the mobile 5G race, The Wall Street Journal has reported.

“In light of the announcement of Apple and Qualcomm, we assessed the prospects for us to make money while delivering this technology for smartphones and concluded at the time that we just didn’t see a path,” Bob Swan, CEO of Intel was quoted as saying by The WSJ late on Thursday.

The processor manufacturing giant on April 16 said it plans to cease working on modems for 5G, the next-generation of wireless technology expected to supercharge mobile connections.

The news that Intel had exited the 5G modem business came barely hours after the Qualcomm-Apple agreement was announced.

However, it wasn’t clear whether Apple and Qualcomm had made up due to the fact that Intel had pulled out of the 5G race.

Apple, Campus, China
A customer is entering the Apple store in Fairfax, Virginia. VOA

Intel had been working on a chipset for the iPhone maker, with the chip expected to be in iPhones by 2020.

The chip maker’s stock plunged nearly seven per cent on slashed revenue forecast for the full year and a flat first-quarter revenue at $16.1 billion.

Its data-centric revenue declined five per cent while PC-centric revenue grew four per cent in the first quarter of 2019, the chip-maker said in a statement on Thursday.

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Net income was $4 billion — down from the same quarter last year which reported $4.5 billion.

The company expects full-year revenue of $69 billion, down from the January guidance. (IANS)

Next Story

Tech Giant Apple Applies for a US Trademark on ‘Slofie’

The application cost $400

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Apple, Campus, China
A customer is entering the Apple store in Fairfax, Virginia. VOA

Apple has applied for a US trademark on ‘Slofie’, potentially giving the company control over the word’s usage.

“Slofie is the term for selfies recorded in slow-motion at 120fps. The iPhone maker does define slofie as “downloadable computer software for use in capturing and recording video.”

The trademark is likely meant to stop other companies from branding their own camera features with the slofie terminology, as the feature is currently exclusive to the iPhone 11, The Verge reported on Wednesday.

apple, software, updates, iOS
An Apple company logo is seen behind tree branches outside an Apple store in Beijing, Dec. 14, 2018. VOA

The application cost $400.

Apple recently launched 3 iPhone 11 models, two of them with a triple rear camera setup, housing stunning specifications to make you a near-perfect photographer.

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The three smartphones, upgrades over the last year’s iPhone XR, iPhone XS, and iPhone XS Max, will ship with the iOS 13, the latest mobile operating system from Apple. (IANS)