The weaker global demand for PCs may become the cause to miss market targets for Intel, the world’s biggest computer chip maker.
Due to latest lower consumer spending globally, Intel warns that its revenues for October to December might be 14% down.
Now the company projects Q4 revenue of $9bn, while it was $10.5bn in its previous forecast.
The new figure is much worse than expected, analysts say.
John Dryden of Charter Equity Research says: “It is quite significant, consumers are basically shutting down for the holidays and it’s below what they were expecting.”
“We were expecting significantly weaker than expected demand in all regions and market segments.” Intel stated
Intel didn’t give a exact financial figure, but it told that its profits were also being affected.
Intel says that its gross profit have also dropped almost 55% from the previous 59% guidance.
There are worldwide weaker demands for PCs, as people are spending lower worldwide and it’s affecting many other big wigs of the tech industry as well.
