The PC isn't going anywhere, but the need to update every 30 months has gone away.
It's a sign of market maturity. Intel shouldn't be trading at a premium if it's selling a highly predictable, stable product to a consolidating marketplace.
Intel has always sold predictable, stable products. But the rate of increase in the core value delivered by their primary product line has slowed dramatically.
It's a sign of market maturity. Intel shouldn't be trading at a premium if it's selling a highly predictable, stable product to a consolidating marketplace.