Intel Corporation (NASDAQ:INTC) is up more than 38% for the current year and it’s benefiting from the global increase in demand for personal computers as revenues got to $9.2 billion, which implies a 9% year over year increase. Forbes, reported that Mike Bell, who heads Intel Corporation (NASDAQ:INTC)’s New Device Group, has his hopes on what comes next after the mobile hype, not on the increase in computer sales.
The company has come late to the mobile party and its chips were little match to the low-power processors provided by QUALCOMM, Inc. (NASDAQ:QCOM) and ARM Holdings plc (ADR) (NASDAQ:ARMH). As a consequence, Intel Corporation (NASDAQ:INTC) has been ignored when contracts were signed with chip suppliers amid the time new smart-watches were in the development stage. Nevertheless, Mike Bell says that these new devices aren’t exactly the future of tech as there must be something better that would be more than an embodiment of a smart phone on anyone’s wrist. Intel Corporation (NASDAQ:INTC)’s expert did not specify what kind of device is the next best thing, but there are certain events happening that might hint at something.
There were some uncertainties that Apple Watch will hit shelves and, when the device was only in the planning phase, there were concerns about the user acceptability and price. Despite the worries, 100 million such devices are expected to be in use by 2019. This is a true opportunity and Intel Corporation (NASDAQ:INTC) doesn’t want to miss out on this, but its hands are pretty tightly tied, so we’re still left expecting a next great thing coming out. Meanwhile, Intel Corporation (NASDAQ:INTC) has developed self-powered ear-buds that track the heart rate, which caught the attention of SMS Audio. So, the chip-guru intends to prototype a relationship with companies that come from outside of the tech industry and need technology experts to power their ideas, where SMS Audio is the first example of such a collaboration.
Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.