Intel ups its revenue outlook on revived PC sales

Intel on Thursday boosted its short-term revenue forecast, due to an unexpected increase in personal computer purchases by businesses.

The Santa Clara company, which makes most of its money selling microchips for PCs, previously had estimated its second-quarter revenue would total $13 billion, plus or minus $500 million.

But in its revised estimate, Intel said it now expects that figure to be $13.7 billion, plus or minus $300 million. Intel is due to report its second-quarter sales on July 15.

“The change in outlook is driven mostly by strong demand for business PCs,” the company said in a regulatory filing.

That’s not to say PC sales are booming. Far from it, as consumers continue to shift to smartphones and other mobile devices. But the business iss better than it has been, according to research firm Gartner.  “While the  PC market remains weak,” Gartner reported in April, “it is showing signs of improvement compared to last year.”

Photo by Len Lahman, Mercury News

 

Steve Johnson Steve Johnson (261 Posts)

Steve Johnson covers the microchip industry, cyber security and the big-technology sector that includes Hewlett-Packard, Oracle and Cisco Systems.