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Because they don't have the money.

Apple's net income has been at least $20bn every quarter for the past two years[1]. Both Intel and AMD make a small fraction of that[2][3].

[1] https://www.macrotrends.net/stocks/charts/AAPL/apple/net-inc...

[2] https://www.macrotrends.net/stocks/charts/INTC/intel/net-inc...

[3] https://www.macrotrends.net/stocks/charts/AMD/amd/net-income




Not so much that they don't have the money (they don't, I agree), but the bigger issue is even if they could their margins aren't nearly as good as Apples are.


Their potential margins. So they would be taking large risk to potentially make much less.




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