Intel’s new CEO cut management layers in half. The stock is up nearly 500%
In the run-up to the iPhone’s launch in 2007, Apple cofounder Steve Jobs made a fateful decision: Apple would not turn to its partner Intel to make chips for the device, on the grounds that the firm was “really slow…like a steamship,” as Jobs put it. Apple would rely on up-and-comer ARM instead.
Reported by 1 outlet — Fortune. See all sources ↓
In the run-up to the iPhone’s launch in 2007, Apple cofounder Steve Jobs made a fateful decision: Apple would not turn to its partner Intel to make chips for the device, on the grounds that the firm was “really slow…like a steamship,” as Jobs put it. Apple would rely on up-and-comer ARM instead. Jobs’ decision helped set off a two-decade decline for an iconic Silicon Valley brand. The company was once so celebrated for its chipmaking innovations that hardware makers clamored to attach “Intel inside” stickers to their devices.
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Why it matters
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- What's the story?
- In the run-up to the iPhone’s launch in 2007, Apple cofounder Steve Jobs made a fateful decision: Apple would not turn to its partner Intel to make chips for the device, on the grounds that the firm was “really slow…like a steamship,” as Jobs put it. Apple would rely on up-and-comer ARM instead.
- How widely is it covered?
- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 2d ago.
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Intel’s new CEO cut management layers in half. The stock is up nearly 500%
Sources1TypeCoverageFortune