Intel income up, expectations lower
JUL 18, 2012
DOI: 10.1063/PT.5.026178
New York Times : Low consumer demand for personal computers led Paul Otellini, Intel’s CEO, to announce lowered predictions for Intel’s next quarter revenues. Despite an increase in year-to-year net income over the past quarter, Intel’s gross margins were down to 63.4% from 64% during the same period last year. As a result, Otellini announced that next quarter’s expected revenues would be between 3% and 5%, down from earlier predictions. Intel’s sales to PC makers, its primary source of income, increased only 3% for the quarter because of the continued rise of tablet computers and smartphones. However, its sales for data center servers grew 15% from last year.
© 2012 American Institute of Physics
