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it reports first quarter earnings, but for now those prior expectations should be disregarded since they "have been withdrawn," the company said.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
Error: Please check your email address.

Tags business issuesintelprocessorsComponents

Featured

Slideshows

Bumper channel crowd kicks off first After Hours of 2018

Bumper channel crowd kicks off first After Hours of 2018

After Hours made a welcome return to the channel social calendar with a bumper crowd of partners, distributors and vendors descending on The Jefferson in Auckland to kick-start 2018. Photos by Gino Demeer.

Bumper channel crowd kicks off first After Hours of 2018
Looking back at the top 15 M&A deals in NZ during 2017

Looking back at the top 15 M&A deals in NZ during 2017

In 2017, merger and acquisitions fever reached new heights in New Zealand, with a host of big name deals dominating the headlines. Reseller News recaps the most important transactions of the Kiwi channel during the past 12 months.

Looking back at the top 15 M&A deals in NZ during 2017
Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Show Comments