Article Excerpt
Intel’s Profit Falls 25%; Outlook Less Dire
BY DON CLARK
Intel Corp.’s bottom line continued to suffer from the sagging personal computer market in the first quarter, but the numbers and the company’s outlook for the current period were less gloomy than some analysts feared.
The chip maker’s profit dropped 25% on a 2.5% decline in revenue, reflecting declining sales of both desktop and laptop computers that use Intel microprocessors. Intel, as well as longtime partner Microsoft Corp., has been suffering as consumer spending has shifted from PCs to both tablets and smartphones.
IDC, a market research firm, last week estimated that unit shipments of personal computers fell 14% in …
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Intel’s Profit Falls 25%; Outlook Less Dire – Wall Street Journal
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Intel"s Profit Falls 25%; Outlook Less Dire - Wall Street Journal
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