Noted CFO Stacey Smith: "Intel doesn't go into markets to be a small player. It's a billion-unit market, so there's huge opportunity for us."
Intel has been trying for years to compete with Qualcomm, who dominates the smartphone market for chips. The company has signed deals with 5 customers this year, with the first device to feature an Intel chip going on sale in India next week.
Says Smith: "As of a week ago, we had zero share. As of this week, it's zero-point-something, because the first phones are selling." The company expects to have "meaningful" phone sales by the Q2 2013 and "five years from now, we want to be a significant portion of the market."
Orange, Motorola, Lenovo, ZTE and India's Lava International each signed deals to build Intel-based phones.
Written by: Andre Yoskowitz @ 25 Apr 2012 18:14
