Apple was also ballasted by iPhone sales during the lull in personal computing that took place about five years ago. Take a look at their income breakdown and y

Apple was also ballasted by iPhone sales during the lull in personal computing that took place about five years ago. Take a look at their income breakdown and you'll see what I mean. Intel bungled the transition to EUV but that isn't the only challenge they have had to surmount in the past decade. Personally I don't see the Intel rut as particularly deep or mucky. Intel has good management, and Gelsinger has deep knowledge of how enterprise customers operate due to his experience. They have a road map for some exciting product releases in the next couple of years, and they dominate their game in terms of market share. Intel made over $20B profit last year, and semiconductor demand is booming across the board, but they still get trashed by the masses. It's really interesting (if you're into stocks) to compare Intel’s P/E ratio against the rest of the sector. Even the market doesn't think particularly highly of them.