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Intel profit dives 25 percent amid PC market slump
2013-04-16 23:26:14| InfoWorld: Top News
Intel reported a drop in profits and revenue for the first quarter, as the biggest PC market slump in recent memory weighed on its business. Intel reported a profit of $2.05 billion for the quarter ended March 30, down 25 percent from a year earlier. Revenue was $12.6 billion, Intel said, a drop of 2.5 percent.About two-thirds of Intel's revenue comes from its PC client group, which makes chips for laptops and desktops. Revenue from that division was down 6 percent year on year, to $8.0 billion.
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Category:Information Technology