Intel Profits Slide On PC Slump
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SAN FRANCISCO – Intel has suffered more pain from the shrinking personal-computer market in the latest quarter, but higher chip prices and demand for larger computers have helped soften the blow.Intel said its third-quarter profit fell 6.3 percent

from the year-earlier period on a small revenue decline. Intel’s PC chip

shipments fell 19 percent, but this was partly offset by a 15 percent lift in

average selling prices.

In all, the chip maker reported Q3 net income of US$3.11 billion, down from

profit in the year-earlier period of $3.32 billion. Revenue declined from

$14.55 billion to $14.47 billion. For the current fourth financial quarter, the

company has estimated revenue of $14.8 billion, plus or minus $500 million.