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INTC Stocks Plummet as Apple Ditches Intel-Based Mac Support

Guavy AI Editorial Team
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AAPL
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Intel Corporation's stock price has taken a hit after Apple announced that it may remove support for Intel-based Macs in apps requiring macOS 13 or later.

The news came as Intel stocks were already trading down by -2.37 percent, following reports of major delays in its next-generation chip roadmap.

Apple's move is seen as a significant step away from Intel's chips, and it may impact the company's revenue in the long term.

Despite the negative news, Intel's latest quarter shows revenue of about $16.1B, with gross margin near 38.6 percent.

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