Intel cuts sales outlook as PC sales slump

July 17, 2013 by Peter Svensson

(AP)—Intel Corp., the world's largest maker of chips for PCs, put a brave face on the decline of the global PC sales earlier this year, saying it expected its own sales to grow. Now, it's backtracking, saying sales will be flat.

Intel is hoping that sales of chips for servers, tablets and smartphones will compensate for the drop-off in PC sales. The downward revision of the company's outlook is an admission that Intel chips haven't made it into many .

The Santa Clara, California, chipmaker says revenue for the April to March period was $12.8 billion, just below analyst expectations at $12.9 billion and down 5 percent from last year.

Net income was $2 billion, or 39 cents per share. That was down 29 percent from a year ago.

Explore further: Intel meets 1Q expectations despite PC slowdown (Update)

Related Stories

Intel 4Q profit down, beats Street (Update)

January 17, 2013

Intel Corp., the world's largest chipmaker, on Thursday said its fourth-quarter net income fell 27 percent from the previous year, as PC sales continued to weaken.

Intel mobile chip strategy could prove costly

July 10, 2013

Just when Intel Corp. finally is making real progress in the desperate push to get its chips into smartphones and tablets, the tech titan finds itself in a Catch-22.

Intel sees weak 4Q, little Windows 8 bounce (Update)

October 16, 2012

Intel Corp., the world's largest chipmaker, expects cold winds to blow this fall, as consumers shift their spending toward tablets and a weak global economy curbs corporate spending on computers.

Recommended for you

Microsoft aims at Apple with high-end PCs, 3D software

October 26, 2016

Microsoft launched a new consumer offensive Wednesday, unveiling a high-end computer that challenges the Apple iMac along with an updated Windows operating system that showcases three-dimensional content and "mixed reality."

Making it easier to collaborate on code

October 26, 2016

Git is an open-source system with a polarizing reputation among programmers. It's a powerful tool to help developers track changes to code, but many view it as prohibitively difficult to use.


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.