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There have been a few colossal missteps in tech over the years, Nokia and Microsoft being #1 and #2 - they could have owned the mobile market and didn't see the iPhone as a threat.
I think Intel is about to make the same mistake as Nokia - resting on one's laurels and not understanding that the ground has shifted under you.
Good luck to Intel, but the next five years are going to be rough until they figure out a way to pivot, if they can.