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AAPL Stock: 110.37 ( -1.97 )

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Apple switch unlikely to hurt IBM

updated 11:00 am EDT, Mon June 6, 2005

IBM to be unaffected

S&P analyst Megan Graham-Hackett said a switch by Apple to Intel processors will . "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 video game console market. No change to our estimates. We view IBM shares as worth holding, trading at a price/sales ratio of 1.3 times, in line with peer average." S&P also reiterated a hold rating on Apple. The firm believes a move to Intel "would be potentially positive for Apple's PC market share opportunities if it is able to negotiate lower chip prices from Intel. We await details on timing and product lines involved at Apple's developers conference, which starts today."




by MacNN Staff

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  1. DeepDish

    Joined: Dec 1969

    0

    Thanks IBM

    Actually, no thanks. IBM, you over promised and turned into Motorola.

  1. Horsepoo!!!

    Joined: Dec 1969

    0

    What's Likely to Hurt IB

    When Nintendo, MS, and Sony realize that IBM can't deliver the chips for their next-gen consoles. I don't know who's going to be more hurt though, little Jimmy that wanted his xbox 360 for Christmas and didn't get it or IBM who will be going to court and will never be able to sign another chip contract ever.

  1. sosumi

    Joined: Dec 1969

    0

    So basically...

    Apple says "We are switching to Intel", IBM says "Who gives a s***" and everyone is happy. The most pressing question of the day then, is will Apple put "Intel Inside" stickers on their boxes as well??

  1. SpoiledMan

    Joined: Dec 1969

    0

    Only if those stickers...

    .....will peel off will I buy one!

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