Intel’s revenue soars with help from the PC group
Though Intel’s PC group, data center, and Internet of Things businesses helped drive Intel to record revenue in its third quarter of 2016, all eyes seemed focused on one number: the company’s fourth-quarter forecast, which isn’t great. Intel achieved a 9 percent year-over-year increase in profits, up to $3.4 billion, and a 9 percent increase in revenue as well, to a record high of $15.8 billion.Unfortunately, the company’s projections for fourth-quarter revenues are actually slightly down: $15.7 billion, with some $500 million either way in terms of wiggle room. Traditionally, Intel sees its highest revenue in the fourth quarter, so the numbers provide an indication of how the holiday tech sales season is expected to go.To read this article in full or to leave a comment, please click here
