“Intel confirmed fears on Friday and dropped its expectations for its summer results based on a slump in PC sales,” Electronista reports. “It dropped its revenue outlook from a range of $11.2 billion to $12 billion down to $11 billion with a range of $200 million above or below. The company pinned the drop on “weaker than expected demand” among home PCs.”
Electronista reports, “The company wouldn’t name clients, but it corroborated rumors of Acer, HP and Lenovo shedding orders by noting that inventory of PCs was ‘in-line’ with its newly lowered guidance.”
“Apple has continued with above-average growth and so far hasn’t shown signs of slowing down in the summer,” Electronista reports. “Its focus on high-end computers has kept it relatively immune from economic troubles, as its customers are less price-sensitive than those shopping the sometimes volatile low-end PC market.”
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