Intel profits: Chip-maker up 13% on recovering PC market



Chip-maker Intel said net profit for the third quarter rose to $3.32bn (£2.09bn) from $2.95bn a year earlier.

Profit rose as demand for personal computers recovered after previous years of decline. Sales rose 8% to $14.6bn, beating analyst estimates.

The firm shipped more than 100m microprocessors in the quarter, the first time it has done so, it said.

It expects between $14.2bn and $15.2bn of revenue for the last three months of the financial year, it said.

“We are pleased by the progress the company is making,” said Intel chief executive Brian Krzanich. “We achieved our best-ever revenue and strong profits in the third quarter.”

Its PC business, which includes desktops and laptops, saw sales rise 9% compared to the year earlier.

Intel saw the fortunes of PCs, which are suffering as consumers use more tablets, reverse earlier in the year, when second-quarter sales for PCs rose 6%.

The views expressed in Op-Ed pieces are those of the author and do not purport to reflect the opinions or views of Libyan Express.
How to submit an Op-Ed: Libyan Express accepts opinion articles on a wide range of topics. Submissions may be sent to Please include ‘Op-Ed’ in the subject line.
You might also like

Submit a Correction

For: Intel profits: Chip-maker up 13% on recovering PC market

Your suggestion have been successfully submitted

There was an error while trying to send your request. Please try again.

Libyan Express will use the information you provide on this form to be in touch with you and to provide updates and marketing.