Intel Corp. has remained dependent on the personal-computer market. This department has recorded flat sales for years. Despite this pair of shackles, the tech company succeeded to bring its business to new heights thanks to additional projects. The company has been keeping up with latest trends and created new products that support most of the profits despite the flat PC industry.
Intel Can’t Yet Detach from the PC Industry
Intel announced that the company managed to encompass expectations for its third quarter when it comes to profit and revenue. The organization assessed the sales over the last three mounts to amount to a total of $16.3 billion.
On the other hand, the numbers are similar to the activity company recorded same period last year. This sign of stagnation underlines a difficulty level for the biggest chipmaker in the world to gain momentum.
The slackness might be attributed to Intel’s largest business that is in charge of PC components. The PC industry came to be a pitfall for any chance of profitability since it encourages no massive sales.
Shares in Intel Grew by 2%
Chief Executive Officer Brian Krzanich has been trying to fix his company’s misplaced reliance on the flat PC industry. His solution was to open new profitable portfolio of products. This way, the company managed to find a place in the growing electric car and artificial intelligence markets by tailoring its chips to fit these modern trends.
“Our transformation is accelerating. We’re excited about both our products and progress. There’s lots of room to grow our market share.”
Intel has been having problems with the PC branch since 2011. However, the company refused to close this chapter for good.
The products designed for cloud computing technologies and data centers were the most profitable for the third quarter. As a result, the net income reached $4.5 billion or 94 cents per share. Last year this sector recorded $3.4 billion or 69 cents by comparison. The trade market reacted to these improvements with a 2% increase in shares.
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