News

Intel warns on weak consumer demand

Alex Scroxton

Intel has warned that its Q3 sales are likely to fall short of its own projections by as much as $1bn (£644m) due to weaker than expected consumer PC demand in mature markets.

In a statement issued on Friday afternoon the semiconductor market leader said third quarter sales were likely to hit $11bn at best, in contrast to a previously forecast figure of between $11.2bn and $12bn.

Predicted gross margins for the current period have fallen one percentage point to 66%, Intel added.

Intel's Q3 closes towards the end of September and the vendor will next report on 12 October.

Related Topics: Desktop PCs, VIEW ALL TOPICS

Join the conversation Comment

Share
Comments

    Results

    Contribute to the conversation

    All fields are required. Comments will appear at the bottom of the article.