Monday, January 23, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Hon Hai chief Mulls US$7 Billion Display Panel Investment in U.S.
Apple Sues Qualcomm Over Patent Royalties
Sharp Establishes New Research and Development Center for Home Appliances in China
Samsung Seeks Arbitration Over LCD Supply Halt
Canon May Invest In Toshiba's Chip Business
Samsung To Explain What Caused The Galaxy Note 7's ban In Press Event
Nintendo's 'Fire Emblem Heroes' Smartphone Game features in-app Purchases
Fujifilm X-T20 Features New 24MP Sensor and 4K Video Capture
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Intel's...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, April 16, 2014
Intel's Quarterly Net Better Than Expected


Intel's first-quarter net profit was higher than expected as the chipmaker faces the slow demand for personal computers and tries to gain a market share on tablet chips.

Intel Chief Financial Officer Stacy Smith said the chipmaker continues to expects PC shipments to decline slightly in 2014.

Intel said revenue from its PC client group in the first quarter was $7.9 billion, down 1 percent from the year before.

The company also expects a full-year gross margin of 61 percent, plus or minus a few percentage points.

Intel in recent years has been slow to adapt its chips for smartphones and tablets.

Intel said its mobile and communications group had revenue of $156 million in the first quarter, down 61 percent from the year-ago quarter.

Chief Executive Officer Brian Krzanich told analysts on a conference call that Intel shipped 5 million tablet chips in the first quarter and is on track to reach a goal of shipping 40 million tablet chips in 2014.

"In the first quarter we saw solid growth in the data center, signs of improvement in the PC business, and we shipped 5 million tablet processors, making strong progress on our goal of 40 million tablets for 2014," said Intel CEO Brian Krzanich. "Additionally, we demonstrated our further commitment to grow in the enterprise with a strategic technology and business collaboration with Cloudera, we introduced our second-generation LTE platform with CAT6 and other advanced features, and we shipped our first Quark products for the Internet of Things."

Asked whether Intel expected that some of those mobile chips might be used in low-end laptops instead of tablets, CFO Smith said: "We mean 40 million tablets with Intel chips in them by the end of this year, with the majority of those being Android-based tablets."

Intel's data center group had revenue of $3.1 billion in the first quarter, up 11 percent year over year.

The chipmaker reported first-quarter net earnings of $1.947 billion. First-quarter revenue was $12.76 billion, compared with $12.58 billion in the year-ago quarter, Intel said.

Intel forecast revenue of $13 billion, plus or minus $500 million, for the second quarter.




Previous
Next
Samsung Galaxy S5 Carries A Very High Bill of Materials        All News        Researchers Hack Galaxy S5's Fingerprint Scanner
LaCie Warns Of Security Breech     General Computing News      Broadcom Doubles Wi-Fi Speed of Devices

Get RSS feed Easy Print E-Mail this Message

Related News
Intel Unveils New Intel Responsive Retail Platform, Announces $100 Million Investment Plan
Intel Unveils Credit Card-Sized Computer
Intel To Bring Standalone Project Alloy VR Headset By The End Of the Year
Spanning Car, Connectivity and Cloud, Intel Announces New GO Platforms For Self-Driving Vehicles
Get Ready for the Best New PCs for the New Year with New 7th Generation Intel Core Processors
Intel to Acquire 15 Percent Ownership of HERE
New Intel NUC Platforms Launching At CES 2017
Could Future Intel Chips Have AMD Graphics Inside?
Uber Creates AI Lab With Geometric Intelligence Acquisition
Intel Extreme Masters Season 11 World Championship Returns to Katowice, Poland
Intel Teams Up With Delphi and Mobileye for Self-Driving Cars
Go Master Cho Wins Final Game Against DeepZenGo AI Platform

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .