Intel maintains its sales forecast for 2013

Intel maintains its sales forecast for 2013

PanARMENIAN.Net - Intel, the world's largest maker of chips for PCs, has maintained its sales forecast for 2013, despite an industry-wide slowdown in computer sales, according to BBC News.

Intel still expects "low single-digit increase" in revenue across the year, after reporting first-quarter revenue of $12.6bn, down from $12.9bn a year ago.

First-quarter profit fell 25% to $2bn.

Yahoo also released its latest quarterly profits, seeing its profits rise 36%. Its net profit totalled $390m, compared with $286m a year earlier. However, Yahoo's revenues were down 7% to $1.1bn.

Last week research firm IDC said global sales of PCs fell 14% in the first three months of the year.

Intel said it shipped 7% less PC chips compared to a year ago, but 6% more server chips.

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