Revenue Falls at Intel as PC Sales Sag

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SAN FRANCISCO -- Intel on Wednesday reported lower earnings, reflecting the trend of falling personal computer sales worldwide.

The company, the world's largest maker of semiconductors, reported that net income in the second quarter fell 28 percent to $2 billion, or 39 cents a share, from the same quarter a year ago.

The company said revenue fell to $12.8 billion, down from $13.5 billion in the same period a year ago.

"We will leave no computing opportunity untapped" to improve performance, Brian Krzanich, Intel's chief executive, said in a statement. "I am more confident than ever about our opportunity as a company."

The net income was slightly below the expectations of Wall Street analysts. They had expected 40 cents a share and revenue of $12.9 billion, according to a survey of analysts by Thomson Reuters.

Intel grew to pre-eminence with commodity chips for PCs, which it has also adapted for computer servers and more recently cellphones. PC sales have been falling for years, however; last week the International Data Corporation, an industry analyst firm, said PC sales fell 11.4 percent in the second quarter of the year.

Chips for PCs generate almost two-thirds of Intel's revenue. Mr. Krzanich, who became chief executive in May, has said the company was slow to recognize the shift to mobile devices.

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This article originally appeared in The New York Times.


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