“The world’s leading chipmaker on Tuesday cut its 2012 revenue growth forecast to between 3 and 5 percent, down from a prior forecast of ‘high single-digit growth,’” Randewich reports. “That put Intel’s outlook in line with many investors’ recently reduced expectations and helped cushion a sell-off of its stock.”
Randewich reports, “Fears that global PC sales may be worse than expected have helped push Intel’s shares down about 10 percent since the end of April… Intel’s report came after its smaller rival Advanced Micro Devices last week slashed its outlook for second-quarter revenue on disappointing sales in Europe and China, where economic growth has recently lost some steam.”
“Intel supplies processors for 80 percent of the world’s PCs but it has yet to make significant progress in fast-growing tablets or smartphones, products that use chips based on technology from British-based ARM Holdings,” Randewich reports. “While the tablet market is still small, demand for the devices is growing much more quickly than for PCs. Shipments of tablets including Apple’s iPad are expected to grow 90 percent this year, according to IHS iSuppli.”
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MacDailyNews Take: Yeah, “tablets including Apple’s iPad.” It is to laugh.
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Apple’s Mac primed to outgrow Windows PC market for 25th consecutive quarter – July 13, 2012
U.S. Windows PC shipments drop 7%, Apple Mac up 4.3% YOY – July 12, 2012
Gartner: Apple Macs invading the Windows PC-dominated enterprise – June 6, 2012
Apple maintains top mobile PC share in Q112 on 162% iPad growth YOY – May 22, 2012
Gartner: Tablet sales to hit 119 million units in 2012; Apple iPad to lead through at least 2016 – April 10, 2012