Menu
Intel lowers Q1 revenue outlook, citing sluggish PC sales

Intel lowers Q1 revenue outlook, citing sluggish PC sales

Intel also blamed macroeconomic and currency conditions in Europe for the revised forecast

Intel lowered its revenue outlook for the first quarter and now expects to bring in about $US12.8 billion, down from its previous forecast of about $US13.7 billion.

Intel attributed the nearly $US1 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 April 14 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it reports first quarter earnings, but for now those prior expectations should be disregarded since they "have been withdrawn," the company said.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 center business is meeting expectations.

The stock was down about 3 per cent on the Nasdaq exchange shortly after 10am U.S. Eastern Time.

Fred O'Connor writes about IT careers and health IT for The IDG News Service. Follow Fred on Twitter at @fredjoconnor. Fred's e-mail address is fred_o'connor@idg.com


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuesintelprocessorsComponents

Featured

Slideshows

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

EDGE 2018: Kiwis kick back with Super Rugby before NZ session

New Zealanders kick-started EDGE 2018 with a bout of Super Rugby before a dedicated New Zealand session, in front of more than 50 partners, vendors and distributors on Hamilton Island.‚Äč

EDGE 2018: Kiwis kick back with Super Rugby before NZ session
EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018: Kiwis assess key customer priorities through NZ research

EDGE 2018 kicked off with a dedicated New Zealand track, highlighting the key customer priorities across the local market, in association with Dell EMC. Delivered through EDGE Research - leveraging Kiwi data through Tech Research Asia - more than 50 partners, vendors and distributors combined during an interactive session to assess the changing spending patterns of the end-user and the subsequent impact to the channel.

EDGE 2018: Kiwis assess key customer priorities through NZ research
Show Comments