Intel profit down, but PC sales may be recovering - Mobile World Live

Intel profit down, but PC sales may be recovering

23 OCT 2009

CNET News reports that Intel’s first-quarter profit fell about 56 percent from a year earlier, but chief executive Paul Otellini said PC sales were bottoming out. Net income was US$647 million, or 11 cents a share, down from US$1.4 billion in the year-earlier period. Revenue was US$7.1 billion, down about 27 percent from the US$9.7 billion reported in the same period last year. “We believe PC sales bottomed out during the first quarter and that the industry is returning to normal seasonal patterns,” said Otellini in a statement.

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