Intel reports 6pc fall in net income
US computer chip giant Intel demonstrates how its no-touch technology enables users to operate their devices with hand gestures. The world's biggest chipmaker, Intel, reported a 6 percent fall in net income for the three months to September and cut its fourth quarter outlook for its important server-chip business.
Net income fell to $3.11 billion compared with a year ago for the personal computer giant.
As its PC business continued to slow, the firm had relied on sales of its chips that go in data servers. But the firm said demand for its server-chips was slowing.
However, Intel said its latest quarterly numbers were largely in line with expectations and that the results were "solid".
Comments