[rentfree-media]

It's really amazing that they have managed to miss every trend for so long.

Mobile? Nope, don't care, let it go to Qualcomm, Arm, etc.

Cloud shift from on-premise hardware? Screw their power and efficiency demands, let them eat cake (buy Xeons).

[distances]

This is of course overly simplistic. They absolutely wanted to have mobile too, but didn't manage to execute it. Nokia and surely also other manufacturers were counting on Intel delivering, and had to scramble to re-engineer some flagships in the pipeline to switch to available ARM components when Intel's mobile failure became likely.