Thursday, January 17, 2013

Find: Intel making money, but revenue declines due to mobiles

Intel posts $13.5 billion revenue in Q4, but sees income drop 15 percent in 2012

Intel CES 2013 stock 2 1020

Intel has seen itself stuck in a difficult position as its primary business — PC processors — gets marginalized by the growth of smartphones and tablets powered by competitors' chips. The company is managing to keep up with expectations, however, as it revealed in its earnings report today that it earned a total of $3.2 billion on $13.5 billion in revenue during the quarter. While Intel may have met Wall Street's expectations, it is clear that it's feeling the effects of the decline in PC sales (despite the recent launch of Windows 8), and Intel knows it. CFO Stacy Smith admitted "the PC market segment was impacted by the growth of tablets." The company pulled in $400 million less than it did during the same period last year, and for...

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