Saying an iMac is costly is an understatement but there are ways to own one without burning your bank, and that is refurbished Macs.
Apple products are great in many respects, but the major downside is the price. Whether it is their phones, iPads or computers, Apple products are currently very popular with all age groups and sections of society.
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The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.Info About & mac of all trades Store On the date of publication, Joel Baglole held long positions in NVDA and AAPL. As it undertakes its growth strategy, INTC stock is a buy. Investors should keep this in mind and plan to buy and hold Intel stock for the long haul. This is an established company that is finding new ways to remain competitive in a technologically advanced world. That said, Intel is not a high growth tech start-up. The company clearly has a long-term growth strategy in place and plans to recover from Apple making its own microchips for devices such as the iPhone and Mac computer. Intel is doing a lot of things right and its financial position is improving. Treat INTC Stock as a Long-Term Investment There have also been other delays announced by the company. The company announced a few months back that its new server chip will now come out in 2024 rather than 2023. However, despite its big growth plans, Intel has pushed back the release of several highly anticipated chips. It is part of Intel’s plan to retain its title as the world’s biggest semiconductor chip manufacturer and hold rivals Nvidia and AMD at bay. All in all, Intel has committed to spend $88 billion to bolster its operations in Europe over the next decade. Plus, Intel is planning to spend $19 billion to construct a chip plant in Germany, helping to expand its European reach and market share. The company also recently increased its quarterly dividend to 36 cents, bringing the yield to 3.25%. The company has called the Ohio plants its first step toward development of a mega-site that will eventually house eight separate chip factories at a cost of $100 billion. Additionally, Intel is spending $20 billion to construct two new plants in Ohio that will make advanced microchips. The company is in the process of acquiring foundry company Tower Semiconductor (NASDAQ: TSEM) for $5.4 billion in a deal that will help Intel manufacture more of its own chips. Growth And ExpansionĮarnings aside, Intel has some very big and ambitious plans underway. Unfortunately, the Q2 guidance grabbed the headlines and INTC stock immediately slumped 4% after the results were made public. That was ahead of the $3.50 EPS and $75.78 billion in revenue that Wall Street had been looking for.
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For the full year, Intel lifted its earnings guidance by 10 cents to $3.60 per share on $76 billion in revenue. Analysts had expected EPS of 83 cents and revenue of $18.38 billion.
The Santa Clara, California-based company forecast second quarter EPS of 70 cents and $18 billion in revenue. The forward guidance provided by Intel was more problematic. Still, the Q1 results can be viewed as a success. That decline was blamed on Apple (NASDAQ: AAPL) adopting its own chips and processors and ceasing to buy them from Intel. While overall positive, Intel noted that revenue for its Client Computing Group, which includes personal computer chips, fell 13% in the quarter from a year ago to $9.29 billion. The company’s revenue came in at $18.4 billion, which also beat the $18.31 billion expected by analysts. For the first quarter, Intel reported earnings per share (EPS) of 87 cents compared to 81 cents expected by Wall Street, according to Refinitiv data.
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