November 12th, 2008
Intel slashes chip revenue forecast
World’s largest chipmaker Intel has slashed revenue forecasts for Q4 - an indicator that the company is not immune to the economic slowdown.
Intel dropped predicted revenue down to the $8.7 billion to $9.3 billion range for Q4, a cut of about 14% compared to previous estimates of $10.1 billion to $10.9 billion. The company blamed falling demand across all regions (server, desktop and notebook) and market segments, as well as a reduction of components in the PC supply chain.
At the same time Intel warned that profit margins would fall from 59% to 55%.
Intel’s a good economic barometer and this shows that the economy is in pretty bad shape.
Adrian is a technology journalist and author who has devoted over a decade to helping users get the most from technology. He also runs a popular blog called The PC Doctor. See his full profile and disclosure of his industry affiliations
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