On the heels of Apple and Qualcomm's settlement, Intel announced it's exiting the 5G phone space:
Troublingly, though, Intel's IoT-adjacent revenue — from services that it supplies to support hardware deployments — has been trending downward for the past two reported quarters since it finalized the aforementioned sale. This had been a steadily growing segment for the company in recent years, but its revenues for these adjacent services have been roughly halved, falling to 2014 levels.
Continuing to develop combined hardware-software solutions for IoT customers, especially those that are able to employ and take advantage of 5G networks, could help Intel to build on and maintain revenue even without moving into the 5G smartphone modem market.1. Sign up for the IoT Briefing to get it delivered to your inbox 3x a week. >>pass to Business Insider Intelligence and gain immediate access to the IoT Briefing, plus more than 250 other expertly researched reports.
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