Saturday 18 May 2013

Intel Leaving CEO States With Regret The Missed Opportunity to be Powering The Original iPhone



Paul Otellini the Intel CEO is stepping down today, and The Atlantic has published an extended profile of the leaving CEO. The content of the article  mostly states that Intel succeeded extremely well under Otellini's guard, additionally it reveals what might have been: Otellini told the publication it was his decision to dismiss an opportunity to put Intel processors in the first Apple iPhone.
He states to The Atlantic, with disappointment:

"We ended up not winning it or passing on it, depending on how you want to view it. And the world would have been a lot different if we'd done it," Otellini told me in a two-hour conversation during his last month at Intel. "The thing you have to remember is that this was before the iPhone was introduced and no one knew what the iPhone would do... At the end of the day, there was a chip that they were interested in that they wanted to pay a certain price for and not a nickel more and that price was below our forecasted cost. I couldn't see it. It wasn't one of these things you can make up on volume. And in hindsight, the forecasted cost was wrong and the volume was 100x what anyone thought."


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