A pple could end up saving $ 500 milli a year if it goes ahead with rumored plans to start developing its own computer processors, reports CNBC.
This is according to Merrill Lynch, who is the wealth management arm of the Bank of America. The company estimates that if Apple stops buying its PC chips from Intel, it can save mey its entire business.
Earlier this week, Bloomberg published a report claiming that Apple is looking to develop its own solutis. Home chips for future Mac computers. It is expected that the company will start using them by 2020.
Sources familiar with the situati said Bloomberg that the project, whose name code is Kalamata, will allow the US giant to link all its products.
Although the project is in the development phase, it will be an important part of future business equipment. However, these plans would probably make a dent in the global profits of Intel – Apple currently providing 5% of its revenues.