Intel stock falls after report says Apple plans to debut its own Mac chips in 2021 [MarketWatch]
Apple Inc. (AAPL)
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Source: MarketWatch
Apple Inc. is planning to begin selling computers that feature its own processors by 2021, according to a Thursday report from Bloomberg News. The company intends to debut at least one Mac next year that features the company's own chip but it is working on three processors currently, the report said, indicating that the company "will transition more of its Mac lineup away from current supplier Intel Corp." The report, which cites multiple unnamed sources, said that Apple would rely on Taiwan Semiconductor Manufacturing Co. Ltd. to build the chips using 5-nanometer technology. Spokespeople from Apple, Intel, and Taiwan Semi declined to comment in the Bloomberg report, which came out shortly before Intel was due to post March-quarter results. Intel posted better-than-expected sales and earnings but gave a disappointing profit forecast. Apple's shares ended down 0.4% in Thursday's session while Intel's saw a sharp decline late in trading to close the day down 1.8%. Apple's stock has lost
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