Intel Lifts Pc Markets, Posts 18% Revenue Growth In Q3
Intel Corp., the mastermind behind the processor-making concept posted 59% increase in its net income for the third-quarter of this year
. Intels revenue in the Q310 grew up to 18%, beating down the analyst predication of PC markets turning downhill. The better-than-expected profits booked by the micro-processing bellwether of the world has indicated the robust growth in the computer market, giving PC makers and customers a reason to smile.
Analysts look at Intel as an indicator of the health of the PC markets. Robust earnings posted by Intel shows that the customers appetite has remained strong for the new computers on the face of the anemic condition of the economic recovery and gloominess that affected most market performances including technology sectors.
Intel expects better results for the fourth-quarter and if this happens, Intel will be successful in erasing fears from the PC markets that underline bleak sales during the winter period.
Inter shares were trading well with 1.1% rise before the company revealed its profit figures. Intels current shares have a taken a big leap of marking a total of 18% to $11.10 billion growth compared to the last year.
Intel has played as an opening batsman in the technology sector with stronger gains that depict Intel as a harbinger for not only the PC sector but also for the US economy.
Intel CFO Stacy Smith said, It was an all-time record in terms of revenue, our first quarter ever above $11 billion.
Intel is primarily focusing on developing cheap PCs known as notebooks rather than table style PCs and smartphones. Both analysts and customers hope Intel to create the same excitement in the fourth-quarter as well.