What Does the Cannon Lake Delay Mean for Intel Corp.'s PC Business?
DIGITIMES just published a report in which it says that Intel's (NASDAQ: INTC) upcoming Cannon Lake processor for low-power notebooks has suffered another delay, this time from a launch in the middle of 2018 to a launch at the end of 2018.
Although this clearly indicates that Intel's technology and manufacturing group continues to face serious execution issues, a question that's more relevant to Intel's business performance is: How will the delay of Cannon Lake impact the revenue and profits of Intel's client computing group?
Image source: Intel.
Source: Fool.com
Intel Corp. Stock
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As a result the target price of 38 € shows a positive potential of 31.26% compared to the current price of 28.95 € for Intel Corp..
