Intel Cuts Forecast As China Data Center Sales Remain Weak

Chipmaker Intel Corp on Thursday cut its full-year revenue forecast and missed analysts' estimates for first-quarter sales for the data center business that has driven growth as PC sales declined in recent years, sending its shares down as much as 7.5%.

Topics:  chipmaker intel corp   pc   forecast   sales   data center   
BING NEWS:
  • Intel forecast misses estimates; shares tumble
    Intel forecast second-quarter revenue below market estimates on Thursday, as it faces weak demand for its traditional data center and personal computer chips amid efforts to build its contract ...
    04/25/2024 - 9:06 am | View Link
  • Apple loses top spot in China market with shipments down 6.6% in Q1, data shows
    Apple lost its crown as China's biggest smartphone seller in the first quarter of 2024 as its smartphone shipments fell 6.6% from a year ago amid intense competition, preliminary data from research ...
    04/24/2024 - 4:13 pm | View Link
  • Apple's Q1 smartphone shipments in China tumble 19%, data shows
    Apple's smartphone shipments in China tumbled 19% in the first quarter of the year, the worst performance since 2020, as the iPhone maker took a hit from Huawei's (HWT.UL) new product launches in the ...
    04/23/2024 - 3:18 am | View Link
  • China's Q1 GDP growth solid but March data shows demand still feeble
    China's economy grew faster-than-expected in the first quarter, data showed on Tuesday, offering some relief to officials as they try to shore up growth in the face of protracted weakness in the ...
    04/15/2024 - 7:13 pm | View Link
  • China's Q1 GDP growth solid but March data shows feeble demand
    China's economy grew faster-than-expected in the first quarter, data showed on Tuesday, offering some relief to officials as they try to shore up growth in the face of protracted weakness in the ...
    04/15/2024 - 5:28 pm | View Link
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