Intel logo

Intel lowers Q1 revenue outlook

Trade
(Source: Intel)

13 March 2015

Intel lowered its revenue outlook for the first quarter and now expects to bring in about $12.8 billion, down from its previous forecast of about $13.7 billion.

Intel attributed the nearly $1 billion downward revision to sluggish sales of business desktop PCs and lowered inventory levels across the PC supply chain. In particular, the refresh rate at which small and medium-size businesses are replacing Windows XP computers with newer ones has been slower than expected. Microsoft stopped supporting Windows XP last April.

Intel also cited “challenging” macroeconomic and currency conditions, particularly in Europe, for the revised outlook. Intel will update other financial expectations on 14 April when it reports first quarter earnings, but for now those prior expectations should be disregarded since they “have been withdrawn,” the company said.

On the bright side, the company said its crucial data centre business is meeting expectations.

IDG News Service

Read More:


Back to Top ↑

TechCentral.ie