A Huge Risk to Intel Corp.'s Cellular Modem Business
In recent years, chip giant Intel's (NASDAQ: INTC) stand-alone cellular modem business -- which had been struggling mightily due to plunging revenue and significant financial losses -- got a huge shot in the arm because of a series of design wins at Apple (NASDAQ: AAPL).
Intel's XMM 7360 cellular modem found a home inside of a sizable percentage of iPhone 7-series smartphones sold, and the company's follow-on to that modem, known as the XMM 7480, can be found in a large portion of the iPhone 8-series and iPhone X smartphones that recently went up for sale.
Image source: Apple.
Source: Fool.com
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