Intel’s Profit Falls 25 Percent Amid PC Woes
Intel Corp.’s first-quarter profit fell 25 percent as the chip maker continued to suffer from declining demand for personal computers.
Intel, which supplies chips for most of the world’s PCs, has been grappling with a stark decline in PC sales. Data released last week by two research firms fed pessimism; one of the steepest year-on-year drops in global PC shipments was read as another sign that the growing use of smartphones and tablets is sapping demand for desktops and laptops.
