
The initiative, code named Kalamata, is still in the early developmental stages, but comes as part of a larger strategy to make all of Apple’s devices -- including Macs, iPhones, and iPads -- work more similarly and seamlessly together, said the people, who asked not to be identified discussing private information. The project, which executives have approved, will likely result in a multi-step transition.
The move would be a big loss for Intel who gets about 5% of its revenue from Apple. Intel shares dropped as much as 9.2% today, the biggest intraday drop the stock has seen in over two years.
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