Intel has once again shown why it’s been the darling of Wall Street for decades.
The chipmaker has posted record earnings for the past quarter, $11.1 billion, up 18 percent year-on-year. Intel managed to do well in nearly all market segments and its upcoming products also show promise, so it’s likely that the company will extend its winning streak.
However, Intel CEO Paul Otellini admitted that the company was caught off guard by the strong interest for tablet products. He said that Intel would target the segment with all assets at its disposal.
“We think tablets are exciting and fully welcome their arrival. Apple has done a wonderful job reinventing the category. Will they impact PC sales? Sure, at the margin they probably will,” said Otellini.