Friday, January 20, 2012
Intel's profit increased 6% in the latest quarter, exceeding analyst's expectations.
Intel’s results, like Apple’s in recent quarters, have benefited from the economic surge in China and other developing countries, where many people are buying PCs for the first time. Intel processors go into about four out of five PCs built.
CEO Paul Otellini expects China to continue to drive Intel’s sales, noting on a conference call with analysts that the country is now the world’s largest PC market, even though just 35 percent of Chinese households have PCs. In the United States, 90 percent of households have PCs.
Read more at The Register-Guard.