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it reports first quarter earnings, but for now those prior expectations should be disregarded since they "have been withdrawn," the company said.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!

Error: Please check your email address.

Tags business issuesComponentsintelprocessors

Featured

Slideshows

Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
HP re-imagines education through Auckland event launch

HP re-imagines education through Auckland event launch

HP New Zealand held an inaugural Evolve Education event at Aotea Centre in Auckland, welcoming over 70 principals, teachers and education experts to explore ways of shaping and enhancing learning using technology.

HP re-imagines education through Auckland event launch
Show Comments