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Intel targets mobile growth, flat sales expected in 2014

Friday 22 November 2013 | 10:15 CET | News
Intel has forecast flat sales in 2014, as the chipmaker struggles to grow in the mobile market in order to offset the slowdown in PCs. At an investor meeting, CFO Stacy Smith said the PC market, measured in units, is expected to be down in the "low single-digit" percent next year still. The company expects its gross margin to remain in its target range of 55-65 percent, and capital spending in 2014 will be little changed from 2013 at around USD 11 billion, Bloomberg reported. Investments aimed at enabling customers to convert to Intel chips in tablets will hurt total profitability, the CFO

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Categories: IT / Mobile & Wireless
Companies: Intel
Countries: World
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