Standard & Poor’s Equity Research has reiterated their “hold” rating on IBM after reports that Apple Computer could announce today that it will be switching to chips made by Intel. Apple currently uses IBM’s PowerPC chip–made in concert with Freescale Semiconductor.
S&P Equity Research noted, “We do not view Apple as a critical customer for IBM’s chips, and note that over the past year, and again at IBM’s analyst meeting in May, the company has emphasized its focus on supplying chips to the videogame console market.”
MacDailyNews Take: Not critical, yet.
[Attribution: Forbes]
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