Intel reports solid Q4 despite flat PC sales

Chip maker Intel Corp. reported yesterday a six per cent increase in profits for the fourth quarter of 2013 and a slight improvement in sales in its PC client division.

Intel had a “solid fourth quarter,” with profit reaching $2.6 billion up from $2.5 billion for the same period in 2012, said Brian Krzanich, CEO of the company. Revenue was $13.8 billion, up by three per cent from the previous quarter.

Sales numbers for Intel’s PC client division were flat from the previous year at $8.56 billion. This was an improvement for the division, which accounts for 60 per cent of Intel’s business, because in previous quarters its sales have been declining.

Sales in the data centre division were up by 8 per cent to $3 billion.

Overall, the PC sales slump in 2013 hit Intel pretty hard cutting down revenue for the year by one per cent to $52.7 billion. The company’s full year income for 2013 was down 13 per cent to $9.6 billion.

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Nestor E. Arellano
Nestor E. Arellano
Toronto-based journalist specializing in technology and business news. Blogs and tweets on the latest tech trends and gadgets.

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