Feeds

Intel prods PC market's corpse, corpse shouts 'I'M NOT DEAD!'

Chip giant raises revenue expectations after signs of life flicker in biz boxen

The essential guide to IT transformation

Chipmaker Intel has raised its revenue expectations after discovering that the PC market is less moribund than it imagined.

Chipzilla said on Thursday that "as a result of stronger than expected demand for business PCs," it was raising its second-quarter growth revenue estimate from $13bn to $13.7bn.

"Intel now expects some revenue growth for the year as compared to the previous outlook of approximately flat," Intel said. "The change in outlook is driven mostly by strong demand for business PCs."

Along with this, Intel raised the mid-point of its gross-margin range to increase by 1 point to 64 per cent, though it also upped its expected tax rate for the second quarter to 28 per cent from its previous 27 per cent guidance.

This encouraging development comes after Intel said in its first quarter results that it glimpsed "signs of improvement in the PC business".

In the following months, some markets – such as the UK – did see renewed growth in PC sales, though the PC market in other regions – APAC, for example – did not fare so well.

Due to its overwhelming dominance of the PC and data center market, Intel is a bellwether for the wider IT industry. By raising revenue expectations, Intel has signaled that things may not be quite as grim in the global economy as they seem.

Though we're sure Intel is chuffed at the prospect of earning an extra $700m (give or take $300m) in the quarter, that won't be enough to offset the €1.06bn antitrust fine that was handed to it by the European Union on Thursday. ®

5 things you didn’t know about cloud backup

More from The Register

next story
True fact: 1 in 4 Brits are now TERRORISTS
YouGov poll reveals terrible truth about the enemy within
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?