23 Apr '13, 12pm

Intel Versus the Dwindling PC Market

Intel Versus the Dwindling PC Market

Paul Otellini, Intel's outgoing CEO and a 40-year veteran of the company, gave his last earnings call last week. And the results were, well, a little bit less than sanguine. The company’s profits in the first quarter of this year were US $2 billion, down 25 percent from the last quarter of 2012. That's a pretty big decline for the world's biggest chip company. And the culprit, if you had to choose just one, seems to be declining PC sales. A few weeks ago, analysis firm IDC reported that the number of PC shipments in the first quarter of 2013 was down 13.9 percent from what it was a year ago—the steepest such decline since the company started tracking shipments in 1994. Late last week, private equity firm Blackstone said it is dropping plans to cobble together more than $24 billion to buy Dell, citing the health of the PC market as one of the reasons for the change of heart...

Full article: http://spectrum.ieee.org/tech-talk/computing/hardware/int...

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