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6/19, 7:05 PM (Source: TeleTrader)
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Apple to announce plans to break up with Intel - report

Apple is set to announce plans to replace the Intel microprocessors used in Mac computers, the New York Times reported on Friday citing sources familiar with the matter.

Apple has been working for several years on designing chips that will replace Intel processors in Macs, in an effort to take more control over the way its products are built. The decision could be announced at a developers' conference next week, according to the reports, while computers with new chips built-in could be arriving in 2021.

Apple shares dropped by 0.46% at 1:13 pm ET on Friday, following the news that the company would close again some stores in Florida and Arizona due to the fears over the second wave of coronavirus outbreak.

Breaking the News / SR