Intel Says PC Sales “Bottomed Out”

Intel Corp.'s CEO says personal computer sales "bottomed out" during the first quarter and that the industry is recovering.
The chip maker reported a profit of $647 million, or 11 cents per share, blowing past Wall Street's tepid forecast of 3 cents per share.
Sales of $7.1 billion were about $100 million higher than estimates.
As the world's largest semiconductor company, Intel's results are used to gauge the demand for personal computers and are a proxy for the health of technology spending overall.

Copyright AP - Associated Press
Contact Us