“After Steve Jobs grabbed headlines Monday confirming that Apple Computer will switch to Intel chips, Banc of America Securities looked ahead: ‘On the whole, we believe this is a net positive for Apple’s positioning for the next five years, as the transition will allow it to provide improved performance, better heat and power management, and lower price points, especially for mobile platforms. Further, we have always believed that Apple’s value has rested with its software development (for its OS and applications), rather than the hardware.’ The research firm rates Apple at ‘buy’ with a $44 target price,” Forbes reports.
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MacDailyNews Note: “More than even the processor, more than even the hardware innovations that we bring to the market, the soul of a Mac is its operating system and we’re not standing still.” – Steve Jobs, WWDC 2005 Keynote, June 6, 2005
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Apple to use Intel microprocessors beginning in 2006, all Macs to be Intel-based by end of 2007 – June 06, 2005