Too bad all the people who know how to run the country are busy driving taxi cabs and cutting hair - George Burns
CHIPMAKER Intel has seen revenues from its PC business drop by eight percent since last year, further highlighting the dwindling market for desktop machines in this age of tablets and smartphones.
Third quarter revenues from Intel's PC Client Group were $8.6bn, flat compared to the second quarter. In the same period of 2011, Intel earned $9.4bn from PC sales.
Intel's Architecture Group also saw revenues down by 14 percent year on year at $1.2bn, although this was up six percent on the previous quarter. Its Datacentre Group was up six percent at $2.7bn on the year - although even earnings for this division have dropped by five percent from the second quarter.
Overall, Intel earned $13.5bn during its third quarter, flat against its second quarter revenues but down from $14.3bn a year ago. However, profit was up by five percent, rising from $3bn to $2.8bn between the second and third quarters this year.
The report adds Intel to a growing list of firms that have taken a hit as the PC market in general remains slow. Components customers such as HP and Dell have also seen losses in their own PC business units.
The decline in PC sales has been a rapid one. In the third quarter of 2011, Intel reported that sales at its PC division were up by 22 percent year on year, with laptop sales in particular helping Chipzilla to record revenues and profits.
Analysts said that the Intel backed ultrabook market has seen particularly poor returns as the company and its OEM partners have come under fire for what pundits called a disappointing 2012 campaign.
Intel, HP and other firms still in the PC market will be hoping that the release of Microsoft Windows 8 next week will give the ailing sector a boost. µ
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