Tuesday, May 3, 2016

Intel Reportedly Sunk $10+ Billion in Mobile Before Giving Up

Just last week we told you about reports of Intel cutting 11% of its workforce as well as cancelling major projects aimed at mobile products. Analyst Jan Dawson from Jackdaw Research believes Intel invested “well over $10 billion” in an attempt to make the company relevant in the mobile industry. This data comes from a 2014 report of $7.4 billion in losses, along with projected estimates into 2016.

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