Intel raises Q3 guidance to reflect improving PC demand

News IT Global 19 SEP 2016
Intel raises Q3 guidance to reflect improving PC demand

Intel has raised its quarterly guidance to reflect increasing revenue driven mainly by hardware makers replenishing their PC supply chain inventory and by “some signs of improving PC demand”. The company announced that it now expects third-quarter revenue to be USD 15.6 billion, plus or minus USD 300 million, compared to the previous range of USD 14.9 billion, plus or minus USD 500 million. Intel also raised its third quarter gross margin forecast by two percentage points, from 60 to 62 percent, driven mostly by higher PC unit volume.

IDC recently said global PC shipments are gradually stabilising as the impact of other devices and longer device life declines, opening the way to PC replacements, particularly in the commercial market. The researcher added that the US PC market grew by 3.9 percent in the second quarter, reversing a decline of 7.6 percent in the first quarter.

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Enterprise equipment, Semiconductors, Sales figures, Financial figures, Consumer devices

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