“Intel reported another decline in chip sales for PCs as part of its first-quarter results on Tuesday, with revenue from that business falling 6% compared to a year ago,” James O’Toole reports for CNNMoney.

“The news comes just a few days after research firm IDC reported that worldwide PC sales plunged 14% last quarter — the worst yearly decline since IDC began tracking the data in 1994,” O’Toole reports. “Intel’s overall revenue fell 2.5% compared to last year, to $12.6 billion, and its net income dropped 25%, to $2 billion.”

O’Toole reports, “Intel’s results come as the PC industry continues to struggle against the rise of tablets like Apple’s iPad and other mobile devices. Intel and its rivals have tried to innovate their way out of their sales slump, but so far to little avail.”

Read more in the full article here.

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