https://wccftech.com/intel-q2-earnings-revenue-down-double-digits-in-data-center-flat-in-pc-market/

Intel beat their guidance from Q1 2019, but revenue falls 10% in the Datacenter group year over year.

Intel (NASDAQ:INTC) began their investor relations call today by announcing the logistics of their 5G modem division sale to Apple (NASDAQ:AAPL) . They made it clear that the sale would not affect their 4G modem department or revenues they receive as a result from it. Intel noted they expect their products to be used in the rollout of 5G through infrastructure including their networking products, with an expected 40% market share in the infrastructure markets they operate in. The sale is expected to move through regulatory approvals by the end of Q4 2019, for more information on the modem see our dedicated article. After taxes and cost of the sale, Intel is expected to realize a net gain of approximately $500M.