Intel is sinking on news that Apple will make its own ARM-based processors for Mac computers (INTC, AAPL)

Apple is working on its own processors for its laptops, which could ship as soon as 2020, according to a Bloomberg report.
The biggest advantage resulting from an Apple processor would be longer battery life. 
Apple's laptops currently use Intel processors. Intel shares dropped sharply on the news. 
Apple will build its own processors for its laptops, Bloomberg reported on Monday, sending Intel shares down sharply.
These processors will be included in laptops as soon as 2020, and will