Intel profits fall – Finspreads

24th January 2013 | By Mouseworld Now Correspondent |

New Delhi, India, January 21, 2013: Finspreads – Intel, a maker of computer microchips, has released a cut in its profits for the last three months of 2012. Net income over the last quarter of last year fell by 27 per cent to $2.7 billion, which still beat the figure that was forecasted by many analysts. Revenue was also down; falling by three per cent to $13.5 billion.

Sales of PCs containing Intel chips have suffered with the recent rise of smartphones and tablets, something which many analysts have used to explain Intel’s drop in profits.

Intel had already predicted slow sales in the run-up to the final quarter of last year, and that the usual boost to revenue from Christmas sales would be small.

Paul Otellini, Intel’s Chief Executive, said, “The fourth quarter played out largely as expected as we continued to execute through a challenging environment.”

In a statement, the company said that it expects revenue during the first three months of 2013 to be around $12.7 billion, a figure slightly lower than the average forecasts of analysts.

The announcement has already had an effect on Wall Street, with Intel slipping 5.69 per cent to $21.39.

Tags: , , , , , ,

Leave your comment

IMPORTANT! To be able to proceed, you need to solve the following simple math

What is 14 + 12 ?
Please leave these two fields as-is:

Mouseworldnow Videos
  • Satya Nadella
  • NASSCOM-President-Som-Mittal
  • Larry-page
  • steve-jobs
  • Suresh-Vaswani
  • john-chambers

Channel News

  • DataWind starts retail roll-out with UniverCell, and on BSNL’s network more...
  • LAPCARE launches Colleges Reach out Program LAPCARE CROP more...
  • getitBazaar rebrands itself to askmeBazaar more...
  • Global High Street brand Mango debuts online with Jabong.com more...
  • ESET energizes top partners with a Tashkent trip more...
Subscribe via email

Enter your email address:

Myntra Brand Rush Women
Follow us on Facebook
Vista print mugs
QUESTION HOUR
What does the mouse ask?

Will the spurt in online video advertisement steal the twinkle from the TV ad platform?

View Results

Loading ... Loading ...
Newsletter Registration