Intel (INTC) Said to Get Chip Order from Apple (AAPL); Represents First Major Mobile Win

(Updated - June 10, 2016 10:58 AM EDT)

Intel (Nasdaq: INTC) said to get chip order from Apple (Nasdaq: AAPL), first major mobile win, according to Bloomberg.

UPDATE - Apple has selected Intel's chips for the iPhone which is used on AT&T's (NYSE: T) U.S. network, sources said.

iPhone handsets on Verizon's (NYSE: VZ) network will still use Qualcomm (Nasdaq: QCOM) chips.

The total size of the order wasn't speculated. AT&T is expected to sell around 22 million iPhones this year and 23 million next year, according to BTIG.

One Bernstein analyst has Qualcomm getting about $15 per iPhone, or about $3.47 billion from Apple in FY15. That could be

Intel shares are moving higher on the news, while Qualcomm and ARM Holdings plc (Nasdaq: ARMH) tick lower amid the report..

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